8 Feb 2018
RE THE JOINT LIQUIDATORS OF SUPREME TYCOON LIMITED (IN LIQUIDATION IN THE BRITISH VIRGIN ISLANDS)
- Citation
- [2018] HKCFI 277
- Court
- Court of First Instance
- Case number
- HCMP833/2017
A foreign liquidation that is collective in nature and is an insolvent, court‑supervised proceeding — even if commenced by a shareholders' resolution — is eligible for common law recognition and assistance in Hong Kong under the principle of modified universalism; the voluntary/compulsory distinction is one of degree not of kind and does not preclude assistance where the officeholders need help to perform their functions.