PEKING UNIVERSITY FOUNDER GROUP COMPANY LIMITED (北大方正集團有限公司) V. NUOXI CAPITAL LIMITED (諾熙資本有限公司) (IN LIQUIDATION IN THE BRITISH VIRGIN ISLANDS) (and 2 others)

[2025] HKCFA 6 Court of Final Appeal 19 March 2025 • FACV7/2024; FACV8/2024; FACV9/2024 • 56 min read
31 cases cited (1 SG, 30 foreign) Cited by 1 case

Judges (5)

Allsop Coram Cheung Coram Fok Coram Lam Coram Ribeiro Coram

Counsel (10)

Freshfields Firm Howse Williams Firm Jasmine Cheung Counsel Appellant José-Antonio Maurellet Counsel Appellant Look Chan Ho Counsel Respondent Mark Phillips Counsel Respondent Tom Ng Counsel Appellant Tom Smith Counsel Appellant Tommy Cheung Counsel Respondent William Wong Counsel Respondent

Parties (2)

Nuoxi Capital Limited(in Liquidation in the British Virgin Islands) Plaintiff Peking University Founder Group Company Limited Defendant

Summary

Peking University Founder Group Company Limited (北大方正集團有限公司) brought proceedings against Nuoxi Capital Limited (諾熙資本有限公司) (in liquidation in the BVI) in a cross-border corporate and insolvency dispute. The case raised significant issues about cross-border insolvency recognition and enforcement. The Court of Final Appeal determined the appeal.

Cases Cited (31)

SG (1)
[1994] SGHC 47
UK (23)
[1892] 1 Ch 271 [1897] 1 QB 692 [1912] AC 673 [1922] 1 KB 477 [1933] 2 KB 536 [1933] AC 70 [1977] AC 774 [1980] 1 WLR 277 [1983] 2 All ER 390 [1989] AC 807 [1994] 1 AC 85 [2001] 1 AC 518 [2007] EWCA Civ 148 [2010] EWCA Civ 485 [2013] EWHC 1201 [2017] UKSC 32 [2018] AC 313 [2019] AC 649 [2020] EWHC 2308 [2020] EWHC 2581 [2022] EWCA Civ 901 [2022] UKSC 34 [2023] AC 761
AU (4)
[2000] NSWCA 296 [2006] WASC 153 [2009] NSWSC 337 [2014] WASC 393
HK (3)
(2024) 27 HKCFAR 359 [2023] HKCFI 1572 [2024] HKCFA 15

Cited By (1)

[2025] HKCFA 14
PEKING UNIVERSITY FOUNDER GROUP COMPANY LIMITED (北大方正集團有限公司) V. NUOXI CAPITAL LIMITED (諾熙資本有限公司) (IN LIQUIDATION IN THE BRITISH VIRGIN ISLANDS) (and 2 others)

Judgment

Read the full judgment on the official Hong Kong Courts portal.

Read on HKLII

Source: HKLII ([2025] HKCFA 6)