16 Mar 1989
BANQUE NATIONALE DE PARIS v. R.C. CHEN (ALSO KNOW AS REN CHING CHEN) AND ANOTHER
- Citation
- BANQUE NATIONALE DE PARIS v. R.C. CHEN (ALSO KNOW AS REN CHING CHEN) AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCAP659/1983
The appeal was allowed and the Probate Registrar's requirement for a Surety's Guarantee was waived because the applicants demonstrated that the trust properties are adequately protected: vesting assents had been executed for beneficiary properties; Tong properties are subject to statutory managerial controls and require multiple managers and District Officer involvement preventing unilateral disposal; and certain properties are held by the applicants as personal representatives of another deceased (Tang Lim Ming), making additional court security unnecessary. Therefore no protective surety wa…