Case Detail

HCCW000259/2002

HCCW 259/2002

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

COMPANIES (WINDING-UP) NO. 259 OF 2002

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	IN THE MATTER of Peakward Enterprises (HK) Limited

	AND

	IN THE MATTER of the Companies Ordinance, Chapter 32

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Coram: Hon Kwan J in Court

Date of Hearing: 26 August 2002

Date of Judgment: 26 August 2002

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J U D G M E N T

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1. The petition herein was presented by Pan Ocean Shipping Co. Ltd based on two final arbitration awards dated 21 January 2002 and 23 January 2002 against the Company for US$68,379.59 and US$67,489.58 with interest and costs. Two statutory demands were served on 31 January 2002 by leaving the same at the registered office of the Company. The petition herein was filed on 7 March 2002.

2. When the matter first came before me on 29 July 2002, I adjourned the petition for four weeks as I had indication from the petitioner that it would like to explore the possibility of a settlement with the Company. I understand from Mr Wong who appears for the petitioner today that the negotiation has fallen through and he seeks a winding-up order.

3. In the circumstances, I make a winding-up order against the Company and I order that the costs of the petition be paid out of the Company's assets.

	(S. Kwan)
	Judge of the Court of First Instance,
	High Court

Representation:

Mr Anson M K Wong, instructed by Messrs Clyde & Co., for the Petitioner

The Company: Peakward Enterprises (HK) Limited, absent

Miss S Chung, for the Official Receiver

Re Peakward Enterprises (HK) Ltd.