30 Nov 2020
RE HONGKONG CORFU INDUSTRY LTD
- Citation
- [2020] HKCFI 3039
- Court
- Court of First Instance
- Case number
- HCCW236/2020
The Company failed to adduce sufficiently precise evidence of a bona fide dispute on substantial grounds. The Acceleration Notice validly accelerated the EUR debt following an event of default; service of the notice complied with the communication clauses; the petitioner acquired enforceable rights under the USD facility by court‑approved merger; any "without prejudice" claim was waived. Accordingly the statutory demand established undisputed debts and a winding‑up order was appropriate.