Mr. Simon Morgan of M/s Simmons & Simmons
HCCW 244/1983
HCCW000244/1983
IN THE SUPREME COURT OF HONG KONG
HIGH COURT
COMPANIES (WINDING-UP) NO. 244 OF 1983
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Coram: The Hon. Mr. Justice Keith in Chambers
Date of hearing: 31 May 1995
Date of delivery of judgment: 31 May 1995
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J U D G M E N T
1. The agreement which I am asked to approve is recommended by the liquidators of CHL and by CHL's Committee of Inspection, as well as by leading counsel and solicitors for CHL. The agreement has already been sanctioned by Rogers J. on the recommendation of the liquidators of CIL and by CIL's Committee of Inspection, as well as by leading counsel advising CIL. The complexity of the dispute between the liquidators of CHL and CIL is such that I cannot begin on this summons to form a view myself as to whether the settlement is a fair one, but in view of the quality of the advice which the liquidators of CHL have received, it would be quite wrong for me to stand in their way. I therefore make an order in the terms of the summons, because I am satisfied that the liquidators of CHL are acting properly on advice properly received, though I do not want it to be thought that, by sanctioning the agreement, I have formed any view as to the correctness of the advice which has been received.
Representation:
Mr. Simon Morgan of M/s Simmons & Simmons for the Applicant.