Hong Kong Case Law: Decisions & Judgments

Topic

Assignments of life insurance policies

Legal area

Court

16 Feb 2011

RE CHEER FORTUNE ENTERPRISES LTD

Citation

RE CHEER FORTUNE ENTERPRISES LTD
Court

Court of First Instance
Case number

HCMP2244/2010

Where an applicant for an extension under section 86 files evidence explaining the reasons for late registration and affirming there is no reason to believe the assignor will be wound up, that evidence is sufficient and it is not necessary in every case to require an officer of the assignor company to file a separate affidavit as to solvency; accordingly the court will grant the requested short extension when those conditions are met.
16 Feb 2011

RE KAWAH LTD

Citation

RE KAWAH LTD
Court

Court of First Instance
Case number

HCMP2258/2010

The court held that an assignor company need not in every case file evidence about its solvency and prospects of winding up; an applicant must file evidence explaining the circumstances of the failure to register and a statement that it has no reason to believe the assignor will be put into liquidation, and on that basis the court will grant an extension under s86.
16 Feb 2011

RE GREAT UNION GARMENT LTD

Citation

RE GREAT UNION GARMENT LTD
Court

Court of First Instance
Case number

HCMP2257/2010

Where an application under s86 is made for an extension to register a charge, it is sufficient for the applicant to file evidence explaining the delay and stating there is no reason to believe the assignor will be wound up; it is not mandatory in every case for the assignor company itself to file evidence on solvency, and on that basis the extension was granted.

Hong Kong Case Law

RE CHEER FORTUNE ENTERPRISES LTD

RE KAWAH LTD

RE GREAT UNION GARMENT LTD