Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Re-vesting of assets
  • 24 Sept 2009

    DESMOND CHUNG SENG CHIONG v. THE REGISTRAR OF COMPANIES

    Citation
    DESMOND CHUNG SENG CHIONG v. THE REGISTRAR OF COMPANIES
    Court
    Court of First Instance
    Case number
    HCMP1668/2009

    The court granted an extension of time under s290(1A) because exceptional circumstances existed (liquidators could not locate directors, had limited records and were unaware of the HK$528,642.15 held in court until 6 July 2009), found no prejudice to parties and that the applicant had locus; accordingly relief under s290(1) was granted, the dissolution declared void ab initio and the company's name restored so the funds can be re-vested and applied for creditors. The court made the orders sought in paragraphs 1–7 and 9 of the draft order.