24 Jan 2002
KOR HIN LUNG v. FUJISEIKO SAFE INDUSTRIAL CO. LTD. AND OTHERS
- Citation
- KOR HIN LUNG v. FUJISEIKO SAFE INDUSTRIAL CO. LTD. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW381/1999
Because the former joint Special Managers and joint Liquidators incurred necessary and reasonable expenses to preserve and maintain the company's factory and facilitate its sale, and because the company's assets were unlikely to cover the substantial taxed legal costs, the court ordered that their remuneration and necessary expenses be paid out of the company's assets in priority under Rule 179 ahead of the taxed legal costs of the petition parties.