23 Mar 2015
YUNG WOON KWAI AND OTHERS v. YUNG YUI KWAI AND OTHERS
- Citation
- YUNG WOON KWAI AND OTHERS v. YUNG YUI KWAI AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP2567/2009
The court struck out the winding-up petitions against CY Macao and CY Mauritius because the petitions failed to plead or establish the requisite substantial connection with Hong Kong under s327 and there was no realistic prospect at trial of justifying Hong Kong liquidation; the court struck out the winding-up prayers in the five Hong Kong company petitions because, on the evidence, there was no realistic prospect of a winding-up order being made given solvent companies, availability of an adequate buy-out remedy and the likelihood that the majority shareholders could and would raise funds to…