20 Dec 2022
RE HONG KONG AIRLINES LTD
- Citation
- [2022] HKCFI 3792
- Court
- Court of First Instance
- Case number
- HCMP1474/2022
The Court sanctioned the Scheme because it is a bona fide restructuring for a permissible purpose, the classes were properly constituted, the convening and voting requirements were complied with, the explanatory materials were adequate, the Scheme provides materially better recoveries than liquidation, and the inter-conditionality and other conditions do not render the Scheme ineffective or inappropriate to sanction.