Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Brokerage cessation
  • 30 Jun 2025

    RE FAIRWIN BROKING LTD

    Citation
    [2025] HKDC 1066
    Court
    District Court
    Case number
    DCMP7038/2024

    Applicant established it held the assets on trust, demonstrated reasonable and extensive efforts to locate and notify clients, addressed all requisitions raised at first hearing, and where clients had given instructions no court‑conferred power was needed; accordingly the court granted the summons to amend the OS and granted leave under the Trustee Ordinance to deal with unclaimed, delisted and dead stock securities (including sale, forfeiture and deposit of proceeds into court) subject to the terms in the draft order and permitted redaction of personal data; costs procedure ordered as direct…