7 Nov 2012
SHAO KUNG CHUEN v. THE BANK OF EAST ASIA, LTD
- Citation
- SHAO KUNG CHUEN v. THE BANK OF EAST ASIA, LTD
- Court
- Court of First Instance
- Case number
- HCSD35/2011
The application to set aside the statutory demand was dismissed because the applicant failed to establish a valid set-off or other grounds under Bankruptcy Rule 48(5); he produced insufficient evidence that the Hong Kong and Mainland facilities were integrated or that the Chinese proceedings gave rise to a set-off, and he had not taken steps to realise foreign property or made proposals to secure the debt.