Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Liquidator fees and disbursements

  • 27 Jul 2010

    RE HOPLIK CARTON PAPER FACTORY LTD

    Citation
    RE HOPLIK CARTON PAPER FACTORY LTD
    Court
    Court of First Instance
    Case number
    HCCW893/2002

    Cause was shown for removal because Mr Nedderman had abandoned his office by leaving Hong Kong without arrangements for continuance, thereby prejudicing creditors; accordingly the court exercised its wide discretion under s.196(1) to remove him and his co-liquidator(s), disallow the liquidator's fees, order delivery of books and documents, permit filing of a schedule of disbursements within defined time limits, appoint Mr Kong Chi-hau Johnson and Mr Lo Siu-kei of BDO Limited as joint and several provisional liquidators/liquidators, and award costs against Mr Nedderman.

  • 27 Jul 2010

    RE FRIENDS OF MINE GROUP LTD

    Citation
    RE FRIENDS OF MINE GROUP LTD
    Court
    Court of First Instance
    Case number
    HCCW867/2005

    Mr Nedderman's disappearance from Hong Kong and failure to make arrangements to enable his firm or co-liquidators to carry on the liquidation constituted good cause under s.196(1) to remove him and his co-liquidators; his fees were disallowed because his failure to perform the office properly prejudiced creditors; replacement provisional liquidators/liquidators were appointed and consequential orders for delivery of books, filing of disbursements and costs were made.