9 Jan 2003
RE LUEN YICK WATER & DRAINAGE WORKS LTD.
- Citation
- RE LUEN YICK WATER & DRAINAGE WORKS LTD.
- Court
- Court of First Instance
- Case number
- HCCW209/2002
Given the company is insolvent and there was a clear majority in value of admitted proofs in favour of Messrs Borrelli and Kennedy, and no evidence of unfitness or conflict, the court appointed Borrelli and Kennedy as joint and several liquidators; the court exercised its discretion to appoint a five‑member committee of inspection representative of creditor interests and ordered ancillary measures including security, remuneration mechanism, advertising and treatment of costs as liquidation expenses.