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Hong Kong Court considers anti-suit injunction to restrain foreign winding-up proceedings
In Hyalroute Communication Group Limited v Industrial and Commercial Bank of China (Asia) (Hyalroute), the Hong Kong Court dismissed an application by a Cayman Islands-incorporated company for anti-suit relief to restrain a creditor from filing a winding-up petition in the Grand Court of the Cayman Islands. This is the first time the Hong Kong Court has had to consider the circumstances in which it should restrain winding-up proceedings in a similar common law jurisdiction (here, the Cayman Islands) in circumstances where the two jurisdictions have conflicting approaches as to how they deal…
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