28 Apr 2003
THE JOINT AND SEVERAL LIQUIDATORS OF THE NEW CHINA HONG KONG GROUP LTD AND OTHERS v. ERNST & YOUNG AND OTHERS
- Citation
- THE JOINT AND SEVERAL LIQUIDATORS OF THE NEW CHINA HONG KONG GROUP LTD AND OTHERS v. ERNST & YOUNG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP3891/2002
The court held that the liquidators had shown a reasonable requirement to inspect E&Y's audit working papers and to orally examine Mr Wu and Miss Yen; E&Y, as auditors and long-standing advisers, fall within the category of officers for s221 purposes; on balancing investigative necessity against oppression the public interest and the liquidators' need prevailed. Production was ordered (limited to available files 1995-1997) and oral examinations ordered before a Master, with costs directions and an undertaking as to reasonable production costs.