14 May 2020
PALOMA CO LTD v. CAPXON ELECTRONIC INDUSTRIAL CO LTD
- Citation
- [2020] HKCFI 754
- Court
- Court of First Instance
- Case number
- HCCT53/2017
Capxon failed to show cause why the Charging Order Nisi should not be made absolute. The court accepted that the common law power to recognise and assist does not apply to a foreign solvent members voluntary winding up and that Hong Kong policy does not bar making a charging order absolute absent an imminent collective pari passu distribution; Taiwanese proceedings and enforcement steps taken by the Taiwanese court were relevant but did not prevent granting the order. Accordingly the Charging Order Nisi is made absolute.