Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Winding‑up on just and equitable grounds

Legal area

Court

31 Oct 2002

RE MAINTAIN PROFITS LTD.

Citation

RE MAINTAIN PROFITS LTD.
Court

Court of First Instance
Case number

HCCW345/2002

The court struck out specified parts of evidence derived from matrimonial proceedings for contravening r.121; it found petitioners had established sufficient prima facie cases of misfeasance, misappropriation and board deadlock to justify appointment of joint and several provisional liquidators (with restricted powers) for Boldwin, Maintain Profits and Myriad Gold pending petitions; and it granted a Mareva injunction against Chan Shiu Chick restraining dispositions up to HK$45,482,716 with a personal undertaking in damages by Law Wai Duen, Nina and costs in the cause.
31 Oct 2002

KONHILL INTERNATIONAL LTD. v. DAI PAI DONG RETAIL SHOPS CO. LTD. AND OTHERS

Citation

KONHILL INTERNATIONAL LTD. v. DAI PAI DONG RETAIL SHOPS CO. LTD. AND OTHERS
Court

Court of First Instance
Case number

HCA1036/2002

Court struck out specified matrimonial‑origin evidence for contravening r.121 and as peripheral, found petitioners had established several prima facie instances of misappropriation, misfeasance, governance failures and deadlock sufficient to justify appointment of provisional liquidators for Boldwin, Maintain Profits and Myriad Gold, and granted a Mareva injunction restraining CSC from disposing assets up to HK$45,482,716.00 with a personal undertaking in damages by LWD; orders for costs were made nisi in the cause with certificate for two counsel.