13 Jun 2023
RE TRINITY INTERNATIONAL BRANDS LTD
- Citation
- [2023] HKCFI 1581
- Court
- Court of First Instance
- Case number
- HCMP480/2023
The court concluded the Cooperation Mechanism criteria were satisfied (Hong Kong liquidator, Shanghai as pilot area, Hong Kong COMI, principal asset located in Shanghai) and that recognition and assistance were necessary to enable the liquidators to prevent alleged asset‑stripping and to take control of Trinity Shanghai; accordingly the High Court should issue the Letter of Request in the terms approved (Appendix A), signed by the Registrar, to be returned to the liquidators for submission to the Shanghai Court; costs were to be reduced to 50% of the claimed legal fees with full disbursements…