23 Jun 2022
PROVISIONAL LIQUIDATOR OF GLOBAL BRANDS GROUP HOLDING LTD (IN LIQUIDATION) v. COMPUTERSHARE HONG KONG TRUSTEES LTD AND ANOTHER
- Citation
- [2022] HKCFI 1789
- Court
- Court of First Instance
- Case number
- HCMP644/2022
The court recognised the Bermuda provisional liquidator and granted limited assistance—powers to secure documents and to receive and transfer the Hong Kong bank balances—because the liquidator’s authority as the company’s lawful agent under private international law and the principles of modified universalism entitled him to managerial assistance to collect local assets; full statutory powers under the Ordinance cannot be conferred by the common law, and future common law recognition and assistance should be primarily guided by the company’s COMI subject to narrow exceptions.