Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Trustee ordinance s56 and s62

Legal area

Court

16 May 2025

RE SINO WEALTH SECURITIES LTD

Citation

[2025] HKCFI 2045
Court

Court of First Instance
Case number

HCMP392/2025

The court found from the contractual documentation that the applicant held the listed cash and share assets on trust for the six clients, was unable to contact the clients despite extended and repeated efforts, the sums involved are modest and would not unduly burden court resources, and it was therefore expedient to order payment of the unclaimed cash into Court, permit withdrawal and registration of physical share certificates and deposit into Court, and to allow sale/disposal of delisted shares if certificates cannot be obtained/registered within three months, with specified notification a…
5 Dec 2022

RE CES CAPITAL INTERNATIONAL (HONG KONG) CO LTD

Citation

[2022] HKCFI 3659
Court

Court of First Instance
Case number

HCMP1339/2022

The court was satisfied the applicant holds the assets as trustee and had taken reasonable steps to return them; accordingly it granted an order under s62 for payment into court of unclaimed cash and securities that can be paid into court and, pursuant to s56, authorised the applicant to sell or otherwise dispose of (including forfeit) securities that cannot be paid into court; no order as to costs was made.