Conyers Dill & Pearman - Alert - Hong Kong Court of Final Appeal Considers Sufficient Connection to Wind Up a BVI Company on the Just and Equitable Basis

The Hong Kong Court of Final Appeal has given judgment in the Yung Kee restaurant case, a dispute between brothers concerning the operation of a well-known restaurant, club and building in Hong Kong which was owned indirectly through a typical corporate structure for family holdings involving BVI companies. It has reversed the previous findings of both Harris J and the Court of Appeal and held that there was sufficient connection with Hong Kong to wind-up the ultimate BVI holding company on the just and equitable basis. Read more.