Fruitful Worldwide Limited v Xu Peixin (Hong Kong Court of First Instance HCB 6058/2024)

Procedural record

1. 27 November 2025Hong Kong

   27 November 2025Hong Kong

   Judgment of the Court of First Instance of the High Court of the Hong Kong Special Administrative Region in the case HCB 6058/2024 dated 27 November 2025

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

   Case no.

   HCB 6058/2024

   Citation

   [2025] HKCFI 5846

   Decision summary

   The Court dismissed Fruitful Worldwide Limited’s petition for a bankruptcy order against Xu Peixin. It held that Xu had demonstrated a genuine intention to arbitrate the disputed debt under the guarantee, while finding that the foreign illegality defence was frivolous and had no prospect of success. The Court also made a costs order nisi requiring the petitioner to pay Xu’s costs, with a certificate for two counsel.

   Participants

   Application

   Petition for a bankruptcy order against Xu Peixin — Dismissed

   Fruitful Worldwide Limited

   Representative

   Queenie Lau SC (For: Fruitful Worldwide Limited)

   Representative

   Clara Wong (For: Fruitful Worldwide Limited)

   Representative

   DLA Piper Hong Kong (For: Fruitful Worldwide Limited)

   Xu Peixin

   Representative

   Jenkin Suen SC (For: Xu Peixin)

   Representative

   Kaiser Leung (For: Xu Peixin)

   Representative

   Howse Williams (For: Xu Peixin)

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

   Judge

   Jonathan Harris

   Other

   Institutional administrator

   Official Receiver

   Authorities cited

   25

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     case-law
   • Re Tong Nai Kan ([2023] HKCFI 3125)
     case-law
   • Mann v Goldstein ([1968] 1 WLR 1091 (Ch))
     case-law
   • Stonegate Securities Ltd v Gregory ([1980] Ch 576)
     case-law
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     case-law
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     case-law
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     case-law
   • Re Southwest Pacific Bauxite (HK) Ltd ([2018] 2 HKLRD 449)
     case-law
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     case-law
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     case-law
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     case-law
   • Sit Kwong Lam, §§37, 38
     case-law
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     case-law
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     case-law
   • Overriding Mandatory Rules in International Commercial Disputes (Min Kyung Kim, 2025)
     academic
   • Foster v Driscoll ((1929) 1 KB 470)
     case-law
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     case-law
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     case-law
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     case-law
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     academic
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     case-law