26 Nov 2021
RE HSIN CHONG CONSTRUCTION CO LTD
- Citation
- [2021] HKCFI 3577
- Court
- Court of First Instance
- Case number
- HCCW239/2018
The court adopted the construction of paragraph 4(f) that requires prior court sanction for substantive proceedings that may expend the company's assets whether commenced within the winding up or as separate proceedings; applying that construction the court granted retrospective sanction for specified proceedings (notably the stay application against Yau Lee, the s286B production application insofar as engagement of advisers was concerned, and leave to obtain advice in relation to arbitrations) but refused retrospective sanction where provisional liquidators had conductively opposed a validat…