NGAN SHARON SHUK TSZ v. HING LUEN SUPERMARKET LTD AND OTHERS

NGAN SHARON SHUK TSZ v. HING LUEN SUPERMARKET LTD AND OTHERS

Because the petitioners obtained the relief sought and there was no satisfactory reason to adjourn the costs issue for mediation, the court ordered winding-up of each company and that the petitioners' costs of each petition be paid out of the assets of the respective companies, applying established principles on...

Source-derived case information.

Citation
[2019] HKCFI 738
Parties
Petitioner (hccw 182/2018; HCCW 183/2018): NGAN SAM; Petitioner (hccw 184/2018): NGAN WINNIE SUK WOON; Petitioner (hccw 185/2018): NGAN SHARON SHUK TSZ; 1st Respondent (hccw 182/2018): CHEER BEST ASIA INVESTMENT LIMITED; 1st Respondent (hccw 183/2018): APEX VIEW ASIA LIMITED; 1st Respondent (hccw 184/2018): EASY LOYAL LIMITED; 1st Respondent (hccw 185/2018): HING LUEN SUPERMARKET LIMITED; 2nd Respondent (hccw 182/2018; HCCW 183/2018): NGAN YIU CHOW; 3rd Respondent (hccw 182/2018; HCCW 183/2018; HCCW 184/2018): NGAN JACKY SHING SIU; 4th Respondent (hccw 182/2018; HCCW 183/2018; HCCW 184/2018; 2nd Respondent HCCW 185/2018): NGAN KELVIN SHING WAI; 2nd Respondent (hccw 184/2018): NGAN SHING YIP; 3rd Respondent (hccw 185/2018): CHOW LAI KING
Court
Court of First Instance
Jurisdiction
Hong Kong
Judgment Date
8 March 2019
Case Number
HCCW185/2018
Procedural Posture
Companies Winding Up Proceedings / Heard and Decided (winding Up Orders Made; Costs Determined)
Outcome
Winding-up orders made in each of HCCW 182/2018, HCCW 183/2018, HCCW 184/2018 and HCCW 185/2018; petitioners' costs to be paid out of the assets of the respective companies.
Legal Topics
Winding Up, Shareholder Dispute, Costs Orders, Mediation/adr
Source Language
en
Company Law Civil Procedure Costs Winding Up Shareholder Dispute Costs Orders Mediation/adr

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Parties

NGAN SAM

Petitioner (hccw 182/2018; HCCW 183/2018)

NGAN WINNIE SUK WOON

Petitioner (hccw 184/2018)

NGAN SHARON SHUK TSZ

Petitioner (hccw 185/2018)

CHEER BEST ASIA INVESTMENT LIMITED

1st Respondent (hccw 182/2018)

APEX VIEW ASIA LIMITED

1st Respondent (hccw 183/2018)

EASY LOYAL LIMITED

1st Respondent (hccw 184/2018)

HING LUEN SUPERMARKET LIMITED

1st Respondent (hccw 185/2018)

NGAN YIU CHOW

2nd Respondent (hccw 182/2018; HCCW 183/2018)

NGAN JACKY SHING SIU

3rd Respondent (hccw 182/2018; HCCW 183/2018; HCCW 184/2018)

NGAN KELVIN SHING WAI

4th Respondent (hccw 182/2018; HCCW 183/2018; HCCW 184/2018; 2nd Respondent HCCW 185/2018)

NGAN SHING YIP

2nd Respondent (hccw 184/2018)

CHOW LAI KING

3rd Respondent (hccw 185/2018)

Procedural Posture

Companies Winding Up Proceedings / Heard and Decided (winding Up Orders Made; Costs Determined)

Legal Issues

  1. 1 Whether petitioners' costs should be paid out of company assets rather than by individual respondent shareholders
  2. 2 Whether to adjourn the costs issue for mediation
  3. 3 Whether petitioners are entitled to costs having obtained substantially the relief sought

Ratio Decidendi

Because the petitioners obtained the relief sought and there was no satisfactory reason to adjourn the costs issue for mediation, the court ordered winding-up of each company and that the petitioners' costs of each petition be paid out of the assets of the respective companies, applying established principles on costs in shareholder winding-up disputes (Re Lucky Ford; Re Sino Pacific).

Court Disposition

Winding-up orders made in each of HCCW 182/2018, HCCW 183/2018, HCCW 184/2018 and HCCW 185/2018; petitioners' costs to be paid out of the assets of the respective companies.

Orders

  • Winding-up orders to be pronounced in open court on a date to be fixed for each company (HCCW 182/2018, HCCW 183/2018, HCCW 184/2018, HCCW 185/2018)
  • The petitioners' costs of each of the four petitions are to be paid out of the assets of the respective companies