19 Nov 2020
RE THE JOINT AND SEVERAL PROVISIONAL LIQUIDATORS OF FDG ELECTRIC VEHICLES LIMITED (PROVISIONAL LIQUIDATORS APPOINTED)
- Citation
- [2020] HKCFI 2931
- Court
- Court of First Instance
- Case number
- HCMP1308/2020
The court will recognise foreign provisional liquidators and may grant assistance confined to assets and subsidiaries within Hong Kong; powers to take control of subsidiaries must be limited to those incorporated in Hong Kong or held through Hong Kong incorporated intermediate subsidiaries because control of foreign‑incorporated subsidiaries is governed by the law of their place of incorporation; the court will not impose a general stay in a recognition order and any stay or directions affecting Hong Kong proceedings must be sought by separate application and listed before the judge for case…