A former billionaire, who made headlines in 2017 for taking the management committee of Ardmore Park condominium to court over the facade of his penthouse, has lost his bankruptcy appeal in Hong Kong.
A three-judge Court of Appeal in Hong Kong rejected Dr Sit Kwong Lam's claim that the bankruptcy should have been stayed or dismissed as the US$30 million debt he underwrote was covered by an arbitration clause.Enjoy unlimited access to ST's best work Subscribe Now
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