31 Jan 2018
張才奎所託管中國山水投資有限公司股份相關員工 AND OTHERS v. 張才奎 AND ANOTHER
- Citation
- [2018] HKCFI 194
- Court
- Court of First Instance
- Case number
- HCA623/2015
The receivership was discharged because there had been a highly material change of circumstances and material non‑disclosures to the court: a large majority of plaintiffs had contracted to sell and been paid for their interests (thereby removing the protective justification for the receivership), substantial funds originated from a potentially interested third party (Tianrui), and the plaintiffs and their solicitors had failed to disclose these matters to the court, such that the interim protective purpose of the receivership had ceased and the appointment should be terminated.