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Maroc Maroc - HARNEYS.COM - A La Une - 09/Sep 18:16

Validation vindication: transfer of shares after presentation of winding up petitions

In a recent decision of the Hong Kong Court of First Instance in In the Matter of Dexin China Holdings Company Ltd, the Court considered an application for a validation order in respect of the transfer of shares in a Cayman company listed on the Hong Kong Stock Exchange facing a winding up petition (the Petition) in Hong Kong based on an unsatisfied statutory demand.

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