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Judgment

In the matter of Bay Capital Asia Fund, LP (In Voluntary Liquidation) - Judgment

FSD 0116/2015 (ASCJ) · 2015-10-01

Petition for voluntary liquidation to continue under the supervision of the court - identity of the liquidators - objection to voluntary liquidators on the basis of apparent conflict of interest - test to be applied; Supervised voluntary liquidation; Identity of liquidators; Objection based on apparent conflict of interest; Whether PwC (JVLs) acted previously for majority investor (MMAA); Fair‑minded stakeholder test for independence; Whether adjournment should be granted to rebut conflict allegation; Court’s priority of creditors’ interests

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