17 Sept 1979
MODERN TERMINALS (BERTH 5) LTD v. STATES STEAMSHIP CO
- Citation
- MODERN TERMINALS (BERTH 5) LTD v. STATES STEAMSHIP CO
- Court
- Court of First Instance
- Case number
- HCA1277/1979
Filing of the US Chapter XI petition vested the defendant's assets (including funds in Hong Kong) in the debtor-in-possession as trustee-like property under the control of the US bankruptcy court; Hong Kong courts must respect that jurisdiction by staying execution, but the court may still enter judgment where jurisdiction and forum selection permit.