20 Aug 2003
RE BOLDWIN CONSTRUCTION CO LTD
- Citation
- RE BOLDWIN CONSTRUCTION CO LTD
- Court
- Court of First Instance
- Case number
- HCCW340/2002
The court held that provisional liquidators, under the express powers in the Appointment Order (paras 2(9) and 2(10)), may exercise shareholders' rights in BF to (a) fix their remuneration on a Panel A time-cost basis to be paid from BF's assets and (b) obtain an indemnity from BF, provided the indemnity is limited to actions in relation to BF and the resolutions cease to apply if a petition to wind up BF is presented; the Shareholders' Resolutions of 6 November 2002 fall within the provisional liquidators' powers; the provisional liquidators are also authorized to present a petition to wind…