Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Devastavit (mismanagement)
  • 21 May 2018

    TSANG WING KWAI v. TSANG WING FAI

    Citation
    [2018] HKCFI 1060
    Court
    Court of First Instance
    Case number
    HCMP3186/2016

    Because the defendant failed to provide a full and proper account with supporting documents, occupied estate property without adequate explanation causing significant loss, raised unexplained financial dealings and placed himself in a position of conflict, the court concluded that, in the interest and welfare of the beneficiaries and for due administration of the estate, the defendant must provide a verified true and perfect inventory and account within 14 days, allow inspection of supporting documents, be removed as executor and the parties be directed to nominate independent professional ac…