31 Oct 2016
RE AP PROCUREMENT MACAO COMMERCIAL OFFSHORE LTD
- Citation
- RE AP PROCUREMENT MACAO COMMERCIAL OFFSHORE LTD
- Court
- Court of First Instance
- Case number
- HCCW301/2014
Because the contributories repeatedly failed to produce a concrete, signable restructuring agreement and the provisional liquidation jurisdiction was being misused as a de facto moratorium to the detriment of creditors, the court must make winding-up orders for the companies and allow the provisional liquidators to continue in office to protect and realise assets for creditors.