20 Dec 2021
RE WING FAT SECURITIES LTD
- Citation
- [2021] HKCFI 3851
- Court
- Court of First Instance
- Case number
- HCMP1036/2021
The court declared the unclaimed assets to be held on trust for the named clients, found the applicant had taken all reasonable steps to return assets, granted leave to pay specified unclaimed cash and feasible securities into court under section 62, and granted leave under section 56 to sell or otherwise dispose of specified unclaimed securities and entitlements which could not feasibly be lodged into court; the court refused to grant s56 relief or a declaration in respect of abandoned securities because clients had expressly authorised the applicant to dispose of those securities, so s56 wa…