SHANDONG CHENMING PAPER HOLDINGS LIMITED v. ARJOWIGGINS HKK 2 LIMITED
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FAMV No. 410 of 2021
[2022] HKCFA 1
IN THE COURT OF FINAL APPEAL OF THE
HONG KONG SPECIAL ADMINISTRATIVE REGION
MISCELLANEOUS PROCEEDINGS NO. 410 OF 2021 (CIVIL)
(ON APPLICATION FOR LEAVE TO APPEAL FROM
CACV NO. 158 OF 2017)
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BETWEEN
| SHANDONG CHENMING PAPER HOLDINGS LIMITED | Plaintiff (Applicant) | |
| and | ||
| ARJOWIGGINS HKK 2 LIMITED | Defendant (Respondent) |
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| Appeal Committee: | Chief Justice Cheung, Mr Justice Ribeiro PJ and Mr Justice Lam PJ |
| Date of Hearing and Determination: | 21 January 2022 |
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DETERMINATION
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Chief Justice Cheung:
1. We grant leave confined to the following question, namely:
“Should the Hong Kong Court exercise its winding-up jurisdiction over foreign companies on the basis that a ‘benefit’ is made out under the 2nd core requirement if such ‘benefit’ does not arise as a consequence of the winding-up order being made, but rather, would only ever be realized if the winding-up order is either avoided or discharged?
Put another way, is the ‘leverage’ created by the prospect of a winding-up (as opposed to the making of a winding-up order) a legitimate form of ‘benefit’ under the 2nd core requirement?”
2. The appeal will be listed for hearing on 17 May 2022.
| (Andrew Cheung) Chief Justice | (R A V Ribeiro) Permanent Judge | (M H Lam) Permanent Judge |
Mr Victor Joffe and Mr Julian Lam, instructed by King & Wood Mallesons, for the Plaintiff (Applicant)
Mr Laurence Li, SC and Mr Chow Ho Kiu, instructed by CL Chow & Macksion Chan, for the Defendant (Respondent)