Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Trust accounts and accounting

Legal area

Court

14 Dec 2023

WAN KWOK LEUNG v. WAN KWOK LING BONNIE, the sole executrix of the estate of WAN NIN SING, the Deceased

Citation

[2023] HKCFI 3286
Court

Court of First Instance
Case number

HCMP906/2022

The court exercised its discretion to order targeted disclosure: the 2nd defendant and the two companies must produce audited financial statements for specified years and a verified, itemised list of all distributions, while broader requests for bank statements, monthly income statements and underlying accountant work papers were refused as disproportionate or unnecessary; the plaintiff's application for a formal trust account was adjourned sine die with liberty to restore and directions for parties to report by a fixed date; costs of the hearing were ordered payable out of the Estate.
6 Jul 1995

KOO WAI ON MINA v. TAI SAU LIN

Citation

KOO WAI ON MINA v. TAI SAU LIN
Court

Court of First Instance
Case number

HCMP1733/1994

Although there was a breakdown of trust and some failings by the defendant, the court was not satisfied that the continuance of the defendant (and Mr. Mak as additional trustee) in office was sufficiently prejudicial to the due performance of the trust to make it expedient under s.42 to appoint new trustees or to order transfer to a sole account; annual accounts were ordered while the beneficiary remains an infant with preparation costs payable from the trust; defendant entitled to costs which are to be paid from the trust fund.