On 20 July 2021, the Hong Kong Court of First Instance granted an application by Hong Kong liquidators to issue a letter of request for assistance to the Shenzhen Intermediate Peoples Court. This was the first application made under the new cross-border cooperation mechanism, which we reported in a previous note (click here).
Background
The case concerns Samson Paper Company Limited (Samson), a Hong Kong company. It is part of a corporate group headed by a Bermuda company listed in Hong Kong, for which the Bermuda court appointed two provisional liquidators on a soft-touch basis. The appointment was recognised by the Hong Kong court. Subsequently, Samsons holding company resolved to wind up Samson on the grounds of insolvency. It appoi…
Read the full article at: https://www.jdsupra.com/legalnews/first-of-its-kind-application-by-hong-3113153/
