Defanged: Curtailing company participation in winding up proceedings

Exploring Offshore Litigation · Apr 1, 2026 · 7m

Koa Capital LP and 507 Summit LLC (together, the Petitioners) presented a winding up petition on 16 January 2024 in respect of Fang Holdings Limited (the Company), a Cayman-incorporated entity. The petition was directed principally at the conduct of Tianquan Mo (Mr Mo), listed as the First Respondent, who the Petitioners alleged had engaged in wrongdoing that benefited him personally at the expense of the Company. The Company itself was named as the Second Respondent.

Progress was slow. The Petitioners had difficulty effecting service on Mr Mo, and the matter did not come on for a directions…