NGAN SAM v. APEX VIEW ASIA LTD AND OTHERS

NGAN SAM v. APEX VIEW ASIA LTD AND OTHERS

Where petitioners have obtained substantially the relief sought in winding-up petitions, and absent compelling reason to adjourn for mediation, the court will order petitioners' costs to be paid out of the companies' assets rather than delay the costs determination.

Citation
[2019] HKCFI 738
Parties
Petitioner (hccw 182 & 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 (various): NGAN YIU CHOW; 3rd Respondent (various): NGAN JACKY SHING SIU; 4th Respondent (various): 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
HCCW183/2018
Procedural Posture
Companies Winding Up Proceedings / Decision (winding Up Orders Pronounced and Costs Determined)
Outcome
Winding-up orders to be made and petitioners' costs of each petition ordered to be paid out of the assets of each company; orders to be pronounced in open court on a date to be fixed.
Legal Topics
Winding Up, Shareholder Dispute, Costs, Mediation
Source Language
EN
Company Law Civil Procedure Winding Up Shareholder Dispute Costs Mediation

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Parties

NGAN SAM

Petitioner (hccw 182 & 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 (various)

NGAN JACKY SHING SIU

3rd Respondent (various)

NGAN KELVIN SHING WAI

4th Respondent (various)

NGAN SHING YIP

2nd Respondent (hccw 184/2018)

CHOW LAI KING

3rd Respondent (hccw 185/2018)

Procedural Posture

Companies Winding Up Proceedings / Decision (winding Up Orders Pronounced and 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 the costs issue should be adjourned for mediation and dealt with alongside other inter-party disputes
  3. 3 Whether petitioners who have obtained substantially the relief sought are entitled to costs against respondent shareholders

Ratio Decidendi

Where petitioners have obtained substantially the relief sought in winding-up petitions, and absent compelling reason to adjourn for mediation, the court will order petitioners' costs to be paid out of the companies' assets rather than delay the costs determination.

Court Disposition

Winding-up orders to be made and petitioners' costs of each petition ordered to be paid out of the assets of each company; orders to be pronounced in open court on a date to be fixed.

Orders

  • Winding-up orders to be pronounced in open court on a date to be fixed.
  • Order that the petitioners' costs of each of the four petitions are paid out of the assets of each of the companies.