Introduction

In the recent case of Shearman & Sterling (a firm) and others v Asia-Pac Infrastructure Development Limited (in creditor’s voluntary liquidation) and others [2022] HKCFI 218, which concerns an application for removal of liquidators, the Court, after having considered the requisite locus standi for making such an application in detail, dismissed the application, finding that the applicants lacked the standing.

Background

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简介

最近在关于申请罢免清盘人的Shearman & Sterling (a firm) and others v Asia-Pac Infrastructure Development Limited (in creditor’s voluntary liquidation) and others [2022] HKCFI 218一案中,法院在详细考虑提出此项申请所需的资格后驳回申请,裁定申请人欠缺所需资格。

背景

第一被告人(「该公司」)是一间正在进行债权人自愿清盘的公司。第二及第三被告人(分别为「邓先生」及「侯女士」)是该公司的清盘人。该公司在高院民事诉讼2006年第806号(「高院讼案」)是原告人之一,而本案的原告人(「谢尔曼等人」)是高院讼案的被告人。

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Re GTI Holdings Ltd[2021] HKCFI 3647

The Company was incorporated in the Cayman Islands and listed on the Main Board of the HKEX. The Petitioner sought to wind up the Company on the ground that the Company failed to satisfy a statutory demand served upon it on 21 January 2020. On 26 May 2020, the Company presented a winding up petition (“Petition”) against itself and applied for the appointment of PLs for restructuring purpose with the Grand Court of the Cayman Islands. Subsequently, on 28 May 2020, the Cayman Court appointed PLs over the Company.

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Re So Tsz Man[2021] HKCFI 3732

This case concerns the self-petitions presented by four debtors for their own bankruptcy (the “Four Petitions”). The Four Petitions (i.e. Re So  Tsz  Man(HCB  7033/2020), Re  Lee  Wing(HCB 7299/2020), Re Tam Wai Yiu(HCB 7569/2020) and Re Qiu Wenjun(HCB 3930/2021) shared a substantial similar fact pattern:

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Re Hsin Chong Construction Co Ltd (Provisional Liquidators: Application for Directions)

[2021] 5 HKLRD 212, [2021] HKCA 1581

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Chan Seung Bun v Wong King Fai Joe and Another[2021] HKCFI 3572

The Company was co-founded by the petitioner Mr. Chan Seung Bun (the “Petitioner”) and the late 1st Respondent (“R1”), now represented by the joint executrices of the estate (the “Executrices”) in 2013. It was not in dispute that the Company was a quasi-partnership established based on mutual trust and confidence between the Petitioner and R1. The Company had been profitable since its establishment.

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The Financial Conduct Authority v Carillion Plc[2021] EWHC 2871 (Ch)

The Respondent company was put into compulsory liquidation on 15 January 2018 and the Official Receiver was appointed as the liquidator.

Section 130(2) of the UK Insolvency Act (which is in the same wordings as section 186 of the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32)) provides that:

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