Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Appointment of joint valuer
  • 30 Sept 2011

    LEUNG CHI TUNG v. AU YEUNG FAN AND OTHERS

    Citation
    LEUNG CHI TUNG v. AU YEUNG FAN AND OTHERS
    Court
    Court of First Instance
    Case number
    HCCW504/2005

    Because the prior appointment and order of 14 October 2010 specifically limited the joint valuer and valuation to the Petitioner and the 1st Respondent, the court was entitled to determine the value of the Petitioner’s shares only as between those two parties and to order release of stakeholder funds to the Petitioner; the court declined to extend the valuation to the 2nd Respondent but ordered costs of the application to be paid by the 1st and 2nd Respondents to the Petitioner and adjourned the application sine die.