12 Mar 2021
RE THE JOINT PROVISIONAL LIQUIDATORS OF PING AN SECURITIES GROUP (HOLDINGS) LIMITED (PROVISIONAL LIQUIDATORS APPOINTED) (FOR RESTRUCTURING PURPOSES)
- Citation
- [2021] HKCFI 651
- Court
- Court of First Instance
- Case number
- HCMP1810/2020
The court will recognise and assist foreign soft-touch provisional liquidators to the extent recognition confirms their status under the law of incorporation and ancillary powers that flow from that status, provided Hong Kong's requirements are met; on facts the Company and JPLs established sufficient basis for recognition and a short adjournment to 10 May 2021 to pursue a restructuring by way of a scheme of arrangement, subject to modification of the terms of assistance and reservation of costs; leave to appeal was refused.