Matter

China Everbright Securities Value Fund SPC v Simplicity & Vogue Retailing (HK) Co., Limited (HCCW 457/2022)

30 May 2023Hong Kong
30 May 2023Hong Kong
Reasons for Judgment of the High Court of the Hong Kong Special Administrative Region, Court of First Instance in case HCCW 457/2022 dated 30 May 2023
High Court of the Hong Kong Special Administrative Region, Court of First Instance
Case no.
HCCW 457/2022
Citation
[2023] HKCFI 1443
Decision summary
The court made a winding-up order against Simplicity & Vogue Retailing (HK) Co., Limited on China Everbright Securities Value Fund SPC's petition. It refused the Company's requests for an extension of time to pay the petitioning debt into court and an adjournment, rejected the alleged discharge ground, and found no proper basis to refer the dispute to arbitration.
Supporting details
14 authorities · 7 participants
China Everbright Securities Value Fund SPC
Representative
Danny Tang (For: China Everbright Securities Value Fund SPC)
Representative
Herbert Smith Freehills (For: China Everbright Securities Value Fund SPC)
Simplicity & Vogue Retailing (HK) Co., Limited
Representative
Clifford Smith SC (For: Simplicity & Vogue Retailing (HK) Co., Limited)
Representative
Tommy Cheung (For: Simplicity & Vogue Retailing (HK) Co., Limited)
High Court of the Hong Kong Special Administrative Region, Court of First Instance
Judge
Linda Chan
Authorities cited
14
- Hong Kong Companies (Winding Up and Miscellaneous Provisions) Ordinance, Cap. 32 (Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap. 32))
  statute
- Hong Kong Companies (Winding-up) Rules
  statute
- Re Sun Sang Kong Yuen Shoes Factory Ltd ([2015] 4 HKLRD 52)
  case-law
- Re Chinaplus Wines Ltd (HCCW 220/2016, 21 November 2016)
  case-law
- Re Jiayuan International Group Limited ([2023] HKCFI 1254)
  case-law
- Holme v Brunskill
  case-law
- O'Donovan and Phillips, The Modern Contract of Guarantee, 4th edition, 2020
  academic
- Chitty on Contracts, 34th edition, 2021
  academic
- Re Southwest Pacific Bauxite (HK) Limited ([2018] 2 HKLRD 449)
  case-law
- But Ka Chon v Interactive Brokers LLC ([2019] 4 HKLRD 85 (CA))
  case-law
- Re Guy Kwok Hung Lam ([2023] HKCFA 9)
  case-law
- Emperor UA Cinemas Ltd v Lark China Cinema Investments Ltd ([2022] HKCFI 2316)
  case-law
- Re China Technology Corporation Limited ([2020] HKCFI 2537)
  case-law
- Sit Kwong Lam v Petrolimex Singapore Pte Ltd ([2019] 5 HKLRD 646)
  case-law
Direct judgment

China Everbright Securities Value Fund SPC

Simplicity & Vogue Retailing (HK) Co., Limited

High Court of the Hong Kong Special Administrative Region, Court of First Instance