10 Oct 2001
Re King Kong (Groups) Ltd.
- Citation
- Re King Kong (Groups) Ltd.
- Court
- Court of First Instance
- Case number
- HCCW1026/2000
The Court exercised its discretion under s.206(2) and Rule 45 to resolve the difference in favour of appointing alternative private liquidators because (1) the Official Receiver lacked resources to manage assets outside Hong Kong, making the contributories' determination for the Official Receiver unviable, and (2) there was a real and substantial appearance of conflict in appointing Ernst & Young partners given their audit association with the China Merchants group and Daily On, the Company's primary asset; therefore Mr Rainier Lam and Mr David Hague were appointed to avoid conflict and prote…