16 Jun 2025
RE UP ENERGY DEVELOPMENT GROUP LTD (in Liquidation)
- Citation
- [2025] HKCA 555
- Court
- Court of Appeal
- Case number
- CACV233/2022
The petitioner failed to prove the second threshold requirement: the assets in Hong Kong were shown to be negligible or indirect and heavily encumbered, and the asserted benefit from the mere availability of broader CWUMPO powers was speculative on the evidence; therefore there was not a reasonable possibility of benefit and the Hong Kong winding up order could not stand.