27 Aug 2007
PETER LIT MA v. MICHAEL CHEN KANG HUANG AND ANOTHER
- Citation
- PETER LIT MA v. MICHAEL CHEN KANG HUANG AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCSD9/2007
The defendant failed to overcome the first hurdle under Ostrich Farming by not providing a full and frank account of his finances nor demonstrating no other available funds or an arguable proprietary interest; the court therefore refused to exercise its discretion to permit use or sale of frozen assets and dismissed the application to set aside the statutory demand and the defendant's Mareva variation summons while allowing the plaintiffs' summons to remove the weekly withdrawal exception.