Hong Kong Leading Case foreign companybenefit requirementleverage as benefit

Shandong Chenming Paper Holdings Ltd v Arjowiggins HKK 2 Ltd

(2022) 25 HKCFAR 98

JurisdictionHong Kong

CourtCourt of Final Appeal (Hong Kong SAR)

Year2022

StatusBinding authority

Key Principle

The 'leverage' generated by the mere prospect of a winding-up petition is a legitimate 'benefit' satisfying the second core requirement for winding up a foreign company; benefit need not be confined to distribution of the company's assets.

Area of Law

Company, Insolvency & Banking

Related Cases

Re CEFC Shanghai International Group Ltd [2020] HKCFI 167

Securities and Futures Commission v Tiger Asia Management LLC (2013) 16 HKCFAR 137

Luo Xing Juan Angela v Estate of Hui Shui See Willy (2009) 12 HKCFAR 1

Ask CommonBench about this case

Get a detailed analysis of Shandong Chenming Paper Holdings Ltd v Arjowiggins HKK 2 Ltd and how it applies to your situation.

Explain Shandong Chenming Paper Holdin...