30 Mar 2017
RE CHINA SOLAR ENERGY HOLDINGS LTD
- Citation
- RE CHINA SOLAR ENERGY HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCCW108/2015
The PLs were properly appointed with express powers under the Appointment Order to negotiate and implement restructuring to preserve assets including the listing status; the proposed amendments and funding agreements fall within those powers and are in the interests of creditors and urgent to maximise recovery, and Re Legend does not preclude provisional liquidators from pursuing restructuring in these circumstances, therefore the court will grant approval for Summonses 1 and 2.