9 Dec 2024
COL SECURITIES (HK) LTD (FORMERLY KNOWN AS CITISECONLINE.COM HONG KONG LTD OR FULLBRIGHT CORPORATION LTD) v. CHAN TSI MING
- Citation
- [2024] HKCFI 3541
- Court
- Court of First Instance
- Case number
- HCMP1481/2024
The applicant established that the unclaimed cash and securities were held on trust and that it had taken all reasonable steps to locate the respondent and obtain instructions; accordingly the court exercised its discretion under s.62 Trustee Ordinance to order payment of the unclaimed cash and securities into court and to discharge the applicant from obligations in respect of those assets; no order as to costs was made.