NGAN WINNIE SUK WOON v. EASY LOYAL LTD AND OTHERS

NGAN WINNIE SUK WOON v. EASY LOYAL LTD AND OTHERS

The petitioners had obtained the relief sought and there was no sufficient reason to adjourn the costs issue for mediation; applying established principles (Re Lucky Ford; Re Sino Pacific) the court ordered winding-up and that the petitioners' costs be paid out of each company's assets.

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; 2nd Respondent (hccw 184/2018): NGAN SHING YIP; 4th Respondent (hccw 182/2018; HCCW 183/2018; HCCW 184/2018) and 2nd Respondent (hccw 185/2018): NGAN KELVIN SHING WAI; 3rd Respondent (hccw 182/2018; HCCW 183/2018; HCCW 184/2018): NGAN JACKY SHING SIU; 3rd Respondent (hccw 185/2018): CHOW LAI KING
Court
Court of First Instance
Jurisdiction
Hong Kong
Judgment Date
8 March 2019
Case Number
HCCW184/2018
Procedural Posture
Companies Winding Up Proceedings (heard Together) / Decision on Petitions; Winding Up Orders Made and Costs Determined
Outcome
Winding-up orders granted in respect of all four companies; petitioners' costs to be paid out of each company's assets; costs issue not adjourned for mediation
Legal Topics
Winding Up, Shareholder Disputes, Costs Orders, Mediation
Source Language
EN
Company Law Civil Procedure Costs Winding Up Shareholder Disputes Costs Orders Mediation

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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 SHING YIP

2nd Respondent (hccw 184/2018)

NGAN KELVIN SHING WAI

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

NGAN JACKY SHING SIU

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

CHOW LAI KING

3rd Respondent (hccw 185/2018)

Procedural Posture

Companies Winding Up Proceedings (heard Together) / Decision on Petitions; Winding Up Orders Made and Costs Determined

Legal Issues

  1. 1 Whether petitioners' costs should be paid out of company assets or by individual respondent shareholders
  2. 2 Whether to adjourn determination of costs for mediation
  3. 3 Application of principles from Re Lucky Ford Industrial Ltd and Re Sino Pacific Corporation Ltd regarding costs entitlement

Ratio Decidendi

The petitioners had obtained the relief sought and there was no sufficient reason to adjourn the costs issue for mediation; applying established principles (Re Lucky Ford; Re Sino Pacific) the court ordered winding-up and that the petitioners' costs be paid out of each company's assets.

Court Disposition

Winding-up orders granted in respect of all four companies; petitioners' costs to be paid out of each company's assets; costs issue not adjourned for mediation

Orders

  • Winding-up orders to be made for each of the four companies (to be pronounced in open court on a date to be fixed)
  • The petitioners' costs of each petition shall be paid out of the assets of each company