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Hong Kong decisions
Decisions matching the current search
The Court dismissed an amended winding-up petition after finding bona fide disputes on substantial ground as to whether three loan agreements were sham arrangements.
The High Court made a bankruptcy order against the debtor after finding he failed to comply with a statutory demand for HK$500,000 and had no bona fide dispute on substantial grounds.
The Court found a 2010/2011 Hong Kong property sale was a sham transaction, held Zhu Huayue held title on trust for Going Bright Limited, and ordered transfer of the property.
Bankruptcy petition succeeded. The court rejected sham, estoppel, limitation, and authorisation defences, and held the alleged set-off did not reduce the debt below the threshold.
Court ordered the winding up of Grandaccum Limited after finding no bona fide dispute over loan debts and rejecting the company’s sham transaction argument.
High Court of Hong Kong held the alleged oral trust-and-equity arrangement was not proved, enforced two loan documents, set aside a later charge, and dismissed the counterclaim.
The Court of First Instance continued a Mareva injunction, finding a good arguable case, assets in Hong Kong, and a real risk of dissipation through alleged sham transfers.
The Court of First Instance refused leave to appeal against dismissal of injunction summonses, finding no reasonably arguable ground and no prospect of success.
The Court granted summary judgment for the Bank on a corporate guarantee, rejecting challenges to demand, service, authority, sham, and quantum.
The court dismissed applications to restrain statutory demand-based winding-up action, finding no credible sham-loan or guarantee-defence to the disputed debt.
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