Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Appointment of trustee-in-bankruptcy
  • 10 Oct 2023

    RE PAN SUTONG

    Citation
    [2023] HKCFI 2620
    Court
    Court of First Instance
    Case number
    HCB6548/2021

    The court dismissed the appeal: on a broad macroscopic assessment BOC's proofs of debt established a prima facie case that the Debt existed as at the commencement of bankruptcy and Seashore failed to adduce admissible or specific evidence to sustain its objection; the rule 99L procedure is summary and not a vehicle to relitigate the substantive validity of guarantees or to determine the precise quantification of claims; additionally Deloitte candidates displayed an appearance of lack of independence and were not appropriate appointees; Seashore's challenge was an abuse of process and indemnit…