24 Feb 2014
FANCYMIND INC v. CENTRAL BILLION INC AND OTHERS
- Citation
- FANCYMIND INC v. CENTRAL BILLION INC AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW375/2011
The applications to strike out the winding-up petitions were dismissed because it is not plain and obvious that the petitions cannot succeed: on the pleadings and affidavits taken in the petitioners' favour there is a sufficiently strong connection between the companies and Hong Kong (assets, central management, shareholders' connection and locus of disputes), a reasonable possibility of benefit to petitioners, and persons interested in the assets within the court's jurisdiction; the court may consider group affairs and beneficial owners despite BVI corporate vehicles; matters require trial.