10 Sept 2019
RE C. A. PACIFIC SECURITIES LTD
- Citation
- [2019] HKCFI 2152
- Court
- Court of First Instance
- Case number
- HCCW37/1998
Given the very small and widely dispersed residual and refund trust monies and the Official Solicitor's view, the Court approved a pragmatic distribution regime: sums under HK$200 need not be paid to individual clients and may be applied to distribution costs; cheques unbanked within six months are unclaimed and, for dissolved corporate clients, may be paid to the Government under s752 CO, and for others may be paid into Court under s62 TO with advertisement and application rights preserved; SFC subrogation is preserved; and the Liquidators' Trust Fees of HK$13,629,289.10 were assessed and ap…
- Distribution of trust monies
- Unclaimed assets
- Payment into court under trustee ordinance s62
- Payment to government for dissolved companies under companies ordinance s752
- Statutory subrogation of sfc
- Approval of liquidators' remuneration