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Hong Kong
Kam Leung Sui Kwan v Kam Kwan Lai
(2015) 18 HKCFAR 501
Key Principle
Re Yung Kee Holdings Ltd in the CFA: just and equitable winding-up of a foreign (BVI-incorporated, unlisted) family holding company. Lord Millett NPJ restated the three core requirements for exercising winding-up jurisdiction over an unregistered foreign company and found sufficient connection with Hong Kong; quasi-partnership principles (Ebrahimi v Westbourne Galleries) applied to the family company; the CFA reversed the Court of Appeal ([2014] 2 HKLRD 313) and ordered winding-up unless a buy-out was agreed within 28 days.
Area of Law
Company and Insolvency
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