12 Mar 2021
GOLONG CO., LTD v. SESDERMA, S.L.
- Citation
- [2021] HKCFI 568
- Court
- Court of First Instance
- Case number
- HCMP1646/2020
The Company has demonstrated a genuine and serious cross-claim on substantial grounds supported by evidence (including audited financial statements and particulars of the Defendant's failure to comply with the arbitral award and wrongful termination), sufficient to equal or exceed the Defendant's claimed debt after netting; accordingly presentation of a winding-up petition would be an abuse of process and a quia timet injunction is warranted.