14 Sept 2015
RE OUNG CHIN LIANG FUNG
- Citation
- RE OUNG CHIN LIANG FUNG
- Court
- Court of First Instance
- Case number
- HCMP2347/2015
The application for a grant ad colligenda bona was refused because the applicant failed to justify urgent ex parte relief: key factors included the presence of competing BVI proceedings and the fact that the assets are BVI company shares, the applicant's delay and inadequate explanation for urgency, insufficient evidence that the proposed sale was at undervalue, inadequate notice to beneficiaries, and real risk of prejudice to the listed company and its creditors; therefore the court would not displace the statutory entitlement to representation or grant emergency administrators in Hong Kong…