Hong Kong Case Law: Decisions & Judgments

Topic

Statutory majorities

Legal area

Court

4 Dec 2025

RE CHINA ECOTOURISM GROUP LTD

Citation

[2025] HKCFI 5914
Court

Court of First Instance
Case number

HCMP802/2025

The Court sanctioned the Scheme because the Scheme serves a permissible restructuring purpose, the Scheme Creditors constituted a single class with materially similar pre- and post-scheme rights, the convening and disclosure requirements were satisfied, the adjournment for Typhoon Ragasa was a legitimate exercise of the chairman's power and caused no prejudice, statutory majorities under s674 were obtained, the Scheme met the intelligent and honest man test, there was sufficient connection with Hong Kong and no operational blot preventing implementation; accordingly the exercise of discretion…
9 Jun 2023

RE CHINA BOZZA DEVELOPMENT HOLDINGS LTD

Citation

[2023] HKCFI 1620
Court

Court of First Instance
Case number

HCMP179/2023

The Scheme was sanctioned because it constitutes a permissible genuine debt restructuring, the Scheme Creditors were correctly treated as a single class, the convening and information requirements under the Companies Ordinance were satisfied, the required statutory majorities voted for the Scheme, an intelligent and honest member of the class could reasonably approve it, there is sufficient Hong Kong connection and no legal or practical roadblock preventing effectiveness, and therefore the Court exercised its discretion to sanction the Scheme under s673.
22 Jul 2022

RE M-RESOURCES GROUP LTD

Citation

[2022] HKCFI 2342
Court

Court of First Instance
Case number

HCMP6/2022

The court sanctioned the scheme because the meeting was properly convened, the statutory majorities (95.4% by number and 81.6% by value) were obtained, the compromise was straightforward and appropriate in the context of an insolvent company likely to yield little in liquidation, and there was a sufficient connection to Hong Kong through the company’s listing to justify the court’s exercise of jurisdiction.

Hong Kong Case Law

RE CHINA ECOTOURISM GROUP LTD

RE CHINA BOZZA DEVELOPMENT HOLDINGS LTD

RE M-RESOURCES GROUP LTD