Matter

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

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.
Supporting details
25 authorities · 10 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
- Re Lam Kwok Hung Guy ((2023) 26 HKCFAR 119)
  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
- Re Selectmove Ltd ([1995] 1 WLR 474 (CA))
  case-law
- Elvis Costello Ltd v Thomas ((1997) LTL 17 July 1997 (Ch))
  case-law
- Re Welsh Brick Industries Ltd ([1946] 2 All ER 197 (CA))
  case-law
- Buckley on the Companies Act (13th edition, Sweet & Maxwell)
  academic
- Sian Participation Corp (in liquidation) v Halimedia International Ltd ([2024] 3 WLR 937)
  case-law
- Re Simplicity & Vogue Retailing (HK) Co Ltd ([2024] 2 HKLRD 1064)
  case-law
- Re Mega Gold Holdings Ltd ([2024] 4 HKLRD 583)
  case-law
- Re Southwest Pacific Bauxite (HK) Ltd ([2018] 2 HKLRD 449)
  case-law
- HK Zexin Resources Co Ltd ([2018] HKCFI 298)
  case-law
- AnAn Group (Singapore) Pte Ltd v VTB Bank (Public Joint Stock Company) ([2020] SGCA 33)
  case-law
- Lasmos ([2018] 2 HKLRD 449)
  case-law
- Sit Kwong Lam, §§37, 38
  case-law
- Hollmet AG v Meridian Success Metal Supplies Ltd ([1997] HKLRD 828)
  case-law
- Telnic Ltd v Knipp Medien und Kommunikation GmbH ([2020] EWHC 2075 (Ch))
  case-law
- Overriding Mandatory Rules in International Commercial Disputes (Min Kyung Kim, 2025)
  academic
- Foster v Driscoll ((1929) 1 KB 470)
  case-law
- Ryder Industries Ltd v Chan Shui Woo ((2015) 18 HKCFAR 544)
  case-law
- Regazzoni v KC Sethia ([1958] AC 301)
  case-law
- Mo Ying v Brillex Development Limited ([2014] 3 HKLRD 224)
  case-law
- Chitty on Contracts (35th edition)
  academic
- Bank of China (Hong Kong) Ltd v Fung Chin Kan & Anor ((2002) 5 HKCFAR 515)
  case-law
Direct judgment

Fruitful Worldwide Limited

Xu Peixin

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

Other