February 17 2017
START DATE
END DATE
February 21 2017
IN THE MATTER OF Z-OBEE HOLDINGS LIMITED AND IN THE MATTER OF THE COMPANIES ACT 1981
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
THE SUPREME COURT OF BERMUDA
COMMERCIAL COURT COMPANIES (WINDING-UP)
IAN RC KAWALEY CJ
Ms Lilla Zuill Zuill & Co.
in document
FACTS OF THE CASE:
Company listed on HKSX in provisional liquidation since June 27 2014 seeking restructuring over winding-up filed own insolvency-based winding-up petition on February 7 2017 sought Bermuda JPLs for restructuring substantial creditor support for proposed restructuring Hong Kong Court adjourned its petition for Bermuda application
SUMMARY:
Whether jurisdiction exists for provisional liquidation in aid of restructuring effectiveness and legality of appointing JPLs for restructuring
OUTCOMES:
Appointment of Messrs Man Chun So Donald Edward Osborn and Yat Kit Jong as JPLs for restructuring purposes explored alternative to winding-up through restructuring with creditor support anticipated dismissal of petition post-restructuring
RULED IN FAVOUR OF:
Plaintiff/Claimant
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
Join our pro membership and get all the details at your finger tips
Want to see full case details, including key arguments and claims? [Join Pro Membership] to unlock exclusive insights.
Discover the legal strategies and defenses used in this case. [Join Pro Membership] for full access.
How long did this legal battle last, and what key events happened? [Join Pro Membership] to find out.
Uncover the critical legal principles debated in this case. [Join Pro Membership] for in-depth analysis.
See why this case matters in Banking, Mortgages, and Financial Services. [Join Pro Membership] to explore its impact.
Find out the final judgment and its legal implications. [Join Pro Membership] to access the ruling.
Understand how this judicial ruling sets a precedent in law. [Join Pro Membership] for expert breakdowns.
See how past legal precedents influenced this case. [Join Pro Membership] to unlock the list.
Download Case Summary:
Explore:
EPHESIANS 6:16
PT Satria Tirtatama Energindo v. East Asia Company Limited and Bali Energy Limited
2016
RE: C (VARIATION OF ACCESS ORDER)
2015
In the Matter of IPOC Capital Partners Limited and others
2007
Hindsight law can make mistakes. Consider checking original case studies
IN THE MATTER OF Z-OBEE HOLDINGS LIMITED AND IN THE MATTER OF THE COMPANIES ACT 1981
Company listed on HKSX in provisional liquidation since June 27 2014 seeking restructuring over winding-up filed own insolvency-based winding-up petition on February 7 2017 sought Bermuda JPLs for restructuring substantial creditor support for proposed restructuring Hong Kong Court adjourned its petition for Bermuda application