18 Aug 2020
RE THE JOINT AND SEVERAL PROVISIONAL LIQUIDATORS OF AGRITRADE RESOURCES LTD (IN PROVISIONAL LIQUIDATION IN BERMUDA)
- Citation
- [2020] HKCFI 1967
- Court
- Court of First Instance
- Case number
- HCMP925/2020
The Court granted recognition of the Bermuda provisional liquidators but refused to accede to an unexplained departure from the established Hong Kong standard form; the proper course is to grant recognition and assistance in the Hong Kong standard form (subject to justified amendments) to secure consistency, predictability and efficient cross-border restructuring, and the JPLs were therefore to be recognised and to exercise powers in the form developed in Hong Kong.