[2024] HKCFA 23, AD HOC COMMITTEE (COMPRISING CMB WING LUNG BANK LTD AND THE EXPORT- IMPORT BANK OF CHINA) V. CHINA LIFE TRUSTEES LIMITED (and 1 other) - Judgment, Outcome & Holding

Judges (5)

Cheung Coram Fok Coram Gummow Coram Lam Coram Ribeiro Coram

Counsel (3)

Grandall Zimmern Law Firm Firm Laurence Li Counsel Defendant Sik Chee Ching Counsel Defendant

Parties (7)

Ad Hoc Committee Intervener Bank of Communications Garnishee Bank of Communications Trustee Limited Interested Party China Energy Reserve and Chemicals Group Company Limited Defendant China Energy Reserve and Chemicals Group Overseas Company Limited Defendant China Life Trustees Limited Plaintiff comprising CMB Wing Lung Bank Ltd and The Export-Import Bank of China Unknown

Summary

The ad hoc committee of creditors comprising CMB Wing Lung Bank and the Export-Import Bank of China continued their appeal against China Life Trustees Limited in insolvency proceedings. The Court addressed further issues regarding creditor priorities and the administration of the insolvent estate. Consequential orders were made.