In Re Axona International Credit & Commerce Ltd.

How courts have described this case

Verbatim parenthetical descriptions written by other courts when citing this decision. Ranked by citation-network relevance.

• deferring to Hong Kong’s distribution scheme derived from the English Companies Act
• the court’s section 304 jurisdiction was invoked where foreign bankrupt had bank accounts located in New York which had been attached by local creditors
• exceptions to the doctrine of comity narrowly construed especially where foreign proceeding is in sister common law jurisdiction with procedures akin to our own
• “whether or not Hong Kong law is identical to American law, Hong Kong law is not repugnant to our ideas of justice, and is inherently fair and regular”
• debtor ordered wound-up under Hong Kong law

Source: CourtListener parenthetical corpus (CC0).