22 Apr 2026
RE GRAND PEACE GROUP HOLDINGS LTD
- Citation
- [2026] HKCA 795
- Court
- Court of Appeal
- Case number
- CACV512/2021
The Court of Appeal allowed the appeals because the Judge erred in concluding that the second core requirement was not satisfied. On the evidence (directors resident in Hong Kong, a Hong Kong subsidiary, account receivables and unconsolidated current assets reported at about HK$327m), there was a reasonable possibility that a Hong Kong winding up would benefit the applicants either by realising Hong Kong assets or by compelling Hong Kong resident directors to assist liquidators to access and realise assets of foreign subsidiaries; there was no expert evidence to support the Judge’s assumption…