Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Work fee (ad hoc group)
  • 24 Jun 2025

    RE RUI JING INVESTMENT COMPANY LTD

    Citation
    [2025] HKCFI 2699
    Court
    Court of First Instance
    Case number
    HCMP1706/2024

    The Court sanctioned the inter‑conditional Schemes because they served a permissible restructuring purpose, the Scheme Meetings were properly convened and informed, the requisite statutory majorities were obtained, the classification of creditors as a single class was appropriate on the facts (differences in ancillary rights did not make consultation impossible), the reduced AHG Work Fee was not so material as to fracture the class, and there was a sufficient Hong Kong connection and practical utility to warrant sanction.