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20 Apr 2022

Cross border insolvency - more applications by Hong Kong liquidators to seek recognition and assistance in Mainland China

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Ozner Water International Holding Limited (In Liquidation) [2022] HKCFI 363 (date of decision: 27 January 2022)

Hong Kong Fresh Water International Group Limited (In Liquidation) [2022] HKCFI 924 (date of decision: 6 April 2022)

Hong Kong Fresh Water International Group Limited (In Liquidation) ("HK Fresh Water") is a subsidiary of a corporate group headed by Ozner Water International Holding Limited (In Liquidation) ("Ozner Water"). The cases concern applications of liquidators under the cooperation mechanism on recognition and assistance in cross border insolvency between Mainland China and Hong Kong.

Ozner Water is the first application for a letter of request under the cooperative mechanism where the entity is not incorporated in Hong Kong, while HK Fresh Water is the first application for a letter of request to be issued to the Shanghai Court.

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