24 May 2001
RE KONG WAH HOLDINGS LTD
- Citation
- RE KONG WAH HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCCW49/2000
The court exercised its discretion to appoint Christensen, Hodgkinson and Fan as liquidators of both Akai and Kong Wah because they were already acting as Bermudan liquidators, had materially advanced investigations and international coordination, had majority creditor support, and the objections (technical errors, funding arrangements, meeting protocols) did not demonstrate lack of independence, breach of authority of sufficient gravity, or incompetence to justify appointing alternative liquidators.