10 Dec 2007
CHINACHEM CHARITABLE FOUNDATION LTD v. CHAN CHUN CHUEN AND OTHERS
- Citation
- CHINACHEM CHARITABLE FOUNDATION LTD v. CHAN CHUN CHUEN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCAP8/2007
The court granted the appointment of administrators pendente lite because: there was an immediate need to preserve and secure large and varied estate assets; numerous companies and uncertain trust relationships required interim representation; the estate needed representation to settle related administration fees; the litigation was likely to be protracted; and appointment would prevent controversial or unilateral management decisions, with costs acknowledged but not decisive, and the parties having agreed on choice and terms of appointment.