Article
Last Reviewed: 13 March 2009 / Submitted: 13 March 2009
This article highlights the recent decision of the High Court in Shiranne Holdings Limited v New Asia Associates (HK) Limited, Shiranne Holdings Limited v Sky Fox Investment Limited (unreported, HCA 2125/2008, HCA 2126/2008, 06 February 2009, Reyes J) which addressed the circumstances in which the courts will grant a stay of proceedings in respect of companies which are in creditors` voluntary liquidation under the Companies Ordinance.