Carnival (0996): 4 directors who opposed winding-up to pay costs of proceedings
HK Court of First Instance, 06-Oct-2022
"As the directors never approached the immigration bondholders (to whom HK$1.155 billion was owed) to discuss or obtain their in-principle agreement to restructure the debts owed to them, it is difficult to see how they could come to the view that the Company should oppose the Petition on the ground that a restructuring proposal in respect of all its indebtedness would be implemented if given time to do so."