Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Brokers fidelity insurance claim
  • 7 Jul 2001

    RE FORLUXE SECURITIES LTD.

    Citation
    RE FORLUXE SECURITIES LTD.
    Court
    Court of First Instance
    Case number
    HCCW310/1998

    The Court directed specific apportionments: general liquidation/statutory work to be attributed to companies where identifiable and otherwise shared equally; apportionment between trust and general assets to be by proportion of asset values except where otherwise stated; share portfolio costs allocated by company ownership and by trust/general proportion; insurance claim costs fall to FSL and to general assets; sale of stock exchange seat costs to FSL general assets; HCA 7543/1998 litigation costs apportioned between FSL and FFL by relative claim values (approx. 20% FSL, 80% FFL) and between…