Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Asset disposal
  • 12 Apr 2021

    RE LUNG KAM CHIU

    Citation
    [2021] HKCFI 1007
    Court
    Court of First Instance
    Case number
    HCB4202/2020

    Debt was admitted; the debtor's asserted sole defence (realisation of an interest in company property) was undermined by an apparent Instrument of Transfer and by the speculative nature and delay of litigation to resolve that claim, leaving no reasonable basis to resist making the bankruptcy order.