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Neway Music Limited was ordered to be liquidated by the High Court, involving an unpaid amount of 63 million

2021-08-02T04:08:34.845Z

Neway Music Limited, which had filed a lawsuit with Hong Kong Kara Song Copyright Alliance Co., Ltd. (HKKLA) due to the copyright issue of the song, was previously applied for liquidation by HKKLA. When the case is handled in the High Court today (2nd), New



Neway Music Limited, which had filed a lawsuit with Hong Kong Kara Song Copyright Alliance Co., Ltd. (HKKLA) due to the copyright issue of the song, was previously applied for liquidation by HKKLA.

When the case was dealt with in the High Court today (2nd), Neway Music requested that the case be adjourned pending the appeal of the copyright case, but the judge revealed that the relevant amount was about 63 million yuan, and Neway Music never applied for a suspension of execution of the court order involved. , Neway Music Limited was then ordered to wind up.

Hong Kong Kara Song Copyright Alliance Co., Ltd. (HKKLA), a creditor company representing the three major record companies of Universal, Warner, and Sony, requested an order to wind up Neway Music Limited earlier.

Neway Music and HKKLA have filed a lawsuit over the copyright of the song.

Neway Music claimed that HKKLA's old song copyright charging plan was unreasonable and filed a lawsuit. The Copyright Tribunal in 2019 ruled that the charging plan was reasonable.

Neway Music has asked for postponement

When the case is being processed today, the lawyer representing Neway Music requested that the case be adjourned and that the copyright appeal involved in the case will be processed in December this year, but the creditor’s lawyer asked the court to issue a winding-up order.

The judge said that the case involved about 63 million yuan, Neway Music should pay before the deadline, but did not apply to the court to suspend the execution, so decided to issue a winding-up order.

Case Number: HCCW 171/2021

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01News

Source: hk1

All news articles on 2021-08-02

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