13 Aug 2007
RE INFORMATION SECURITY ONE LTD
- Citation
- RE INFORMATION SECURITY ONE LTD
- Court
- Court of First Instance
- Case number
- HCCW212/2007
The court granted an ancillary winding-up order because the statutory and common law tests were satisfied: there was a sufficient nexus with Hong Kong (central management, resident director, local bank balances, Hong Kong subsidiaries), a reasonable possibility that creditors would benefit, and the court could exercise jurisdiction over persons interested in distribution; accordingly the company was ordered wound up and costs charged to its assets.