Hong Kong: Herbert Smith Freehills Successfully Strike Out A HK$3 Billion Fraudulent Trading Claim Commenced Against An IPO Sponsor In Breach Of Mandatory Procedural Rules Herbert Smith Freehills July 27, 2022

Last week, the Hong Kong Court struck out a fraudulent trading claim brought by the liquidators (the "Liquidators") of China Metal Recycling (Holdings) Limited ("China Metal") against one of its sponsors (the "Sponsor") on the ground that it was brought as a High Court Writ action (the "Action"), in breach of the mandatory statutory requirement that it should be brought by a Summons in the relevant winding-up proceedings.

Hong Kong: Herbert Smith Freehills Successfully Strike Out A HK$3 Billion Fraudulent Trading Claim Commenced Against An IPO Sponsor In Breach Of Mandatory Procedural Rules Herbert Smith Freehills comes via ChinaTechNews.com.