3 Jun 2021
X v. A AND OTHERS
- Citation
- [2021] HKCFI 1595
- Court
- Court of First Instance
- Case number
- HCMP222/2021
The Court held that Hong Kong had jurisdiction to wind up the BVI company because the Company held a 35.59% share in a Hong Kong company and subsidiaries were incorporated or registered in Hong Kong, giving a sufficient connection and a reasonable prospect of benefit to petitioners; the Company failed to establish a bona fide dispute on substantial grounds because the alleged oral Overall Agreement and Representation were unsupported by contemporaneous documents, contradicted by the loan and guarantee terms and surrounding communications, and were inherently unbelievable; accordingly the inju…