17 Sept 1998
IN RE PEREGRINE FIXED INCOME LTD. (IN LIQUIDATION)
- Citation
- IN RE PEREGRINE FIXED INCOME LTD. (IN LIQUIDATION)
- Court
- Court of First Instance
- Case number
- HCCW32/1998
The application to convert the compulsory winding up to a creditors' voluntary winding up is dismissed because the mandatory s.209A factors (public concern, ongoing need for investigation and the desirability of Official Receiver involvement) outweigh the creditors' preference and potential fee savings; conversion would improperly divest the court of necessary control.