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Judgment

In re HSH Cayman I GP Ltd; HSH Cayman II GP Ltd; HSH Cayman V GP Ltd; HSH Coinvest (Cayman) GP Ltd - Judgment

FSD 0041/2009; FSD 0042/2009; FSD 0043/2009; FSD 0044/2009 (AJJ) · 2010-02-12

Insolvency under cash-flow test; Creditor's right to winding-up order ex debito justitiae; Whether to adjourn or stay in favour of Chapter 11 proceedings; Balance‑sheet solvency analysis; Valuation evidence; Shareholder arguments rejected; Appointment of JOLs and independence challenge addressed

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