Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Work-in-progress valuation
  • 7 Feb 2007

    LSHH v. MTKK

    Citation
    LSHH v. MTKK
    Court
    Family Court
    Case number
    FCMC12642/2005

    The court exercised its discretion under R.77(4) to grant a limited inspection: auditors' reports are not displaced absent expert evidence of unreliability, but because the petitioner raised specific, substantiated concerns (possible related party subcontracting charges and the significance of WIP to company value) the court ordered inspection limited to accounting records for the subcontracting charges between the HK and Shanghai companies (1 Jan 2003–31 Jul 2005) and all books/documents relating to WIP of the HK company for the same period; wider inspection was refused and the husband was o…