31 May 2016
GLORY LINK INVESTMENTS LTD v. YOUNG PUI YORK
- Citation
- GLORY LINK INVESTMENTS LTD v. YOUNG PUI YORK
- Court
- Court of First Instance
- Case number
- HCA1240/2009
The court found the creditor failed to prove beyond reasonable doubt that the ~HK$3,000,000 was disposed of with a view to avoiding satisfaction because the funds were invested in a business rather than spent or concealed and there was no evidence the investment was intended to put assets beyond reach; the debtor had sold the City Garden property and paid the bulk of his entitlement, leaving HK$116,300 in solicitors' client account which the court ordered paid to the creditor within 14 days; accordingly no imprisonment order was made.