We recently acted for a creditor to resist the oppositions from the Official Receiver and the previous joint and several liquidators, and successfully obtained an order of the High Court in favour of our client in an application to discharge the Regulating Order previously sought and obtained by the Official Receiver in HCCW 118/2018 in relation to a Hong Kong listed company, Blockchain Group Company Limited (Stock code: 364), under the Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32).

Our client’s application was supported by the majority creditors (consisting of over 150 holders of debenture notes of the said company) as our client and the majority creditors were unjustly deprived of the opportunity to attend the first meeting of creditors and to nominate their choice of liquidators by reason of the Regulating Order. As a result of the court order we obtained on 4th June 2019, our client and the majority creditors are now able to embody their wishes and nomination to replace the joint and several liquidators previously appointed under the Regulating Order with the liquidators from Deloitte.

The case was handled by Mr. Roy Leung, our litigation partner, assisted by Mr. Ricky Cheung, our associate and Mr. Alan So, our trainee solicitor.