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Rachel Hui

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Recent developments

The Hong Kong court in Re The Joint Liquidators of Supreme Tycoon Limited (in liquidation in the British Virgin Islands) (08/02/2018, HCMP833/2017), [2018] HKCFI 277 (“Re Supreme Tycoon”) has, for the first time, granted recognition and assistance to foreign liquidators appointed in a creditors’ voluntary winding-up.

In our previous alert of Hong Kong Court Paves a Clear Path for the Recognition and Assistance of Foreign Liquidators, we discussed the Hong Kong court’s willingness to accede to letters of request issued by foreign courts for the recognition and assistance of foreign liquidators in compulsory liquidations.