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.

 有關森信洋紙有限公司 (2021) 粵 03 認港破 1 號

Re Hsin Chong Construction Co., Ltd.[2021] HKCFA 14

The Company and Build King Construction Limited (“Build King”) entered into a joint venture agreement (the “JV Agreement”) in November 2013 to form and operate a joint venture (the “JV”). The JV was subsequently awarded a government contract for a major project in June 2016 with the Company taking a 65% interest and Build King the remaining 35%.

Stanford International Bank Ltd (in liquidation) v HSBC Bank PLC[2021] EWCA Civ 535

Stanford International Bank Limited (“SIB”), which collapsed into liquidation in 2009, held multiple accounts with HSBC between 2003 to 2009 (“Accounts”). SIB had debts in excess of US$5 billion arising from its being used as the vehicle for one of the largest Ponzi schemes in history. The liquidators of SIB (“Liquidators”) made two claims against HSBC as follows:

Ho Man Kit And Another v Lo Siu Chu Judy And Another[2022] HKCFI 133

The Plaintiffs in this case were the joint and several trustees of Li Bao Tian (“B”), who was adjudged bankrupt on 7 December 2016. The 1^st and the 2^nd Defendants (collectively, “Defendants”) are mother and son. B was in an intimate relationship with the 1^st Defendant, albeit whilst legally married to another woman and is the father of the 2^nd Defendant.

Lee Siu Fung Siegfried[2021] 5 HKLRD 627

In January 2001, a bankruptcy petition was presented against Mr. Lee Siu Fung Siegfried in respect of a HK$322 million debt arising out of a guarantee given by him. In or around September 2016, the trustees in bankruptcy obtained an order for the private examination of Mr. Lee and the Applicants, who are the younger brother and son of Mr. Lee.

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:

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

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

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 1^st 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.

Re Chan John Loong Fai[2021] HKCA 1834