15 Oct 2014
RE INSIGMA TECHNOLOGY CO LTD
- Citation
- RE INSIGMA TECHNOLOGY CO LTD
- Court
- Court of First Instance
- Case number
- HCCW224/2013
The petition is dismissed because the petitioner failed to demonstrate a sufficient substantive connection between the Company and Hong Kong to justify engaging the Hong Kong insolvency regime under s327; the interest in a single Hong Kong asset (Innovation) is small relative to the Company's Mainland activities and assets, the appointment of a Hong Kong liquidator is unlikely to produce meaningful benefit or be recognised in the Mainland, and the petitioner does not satisfy the requirement of being a person subject to the Court's jurisdiction in the necessary way.