Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Asset protection

Legal area

Court

13 Mar 2019

CHAN KOON HAU formerly known as CHAN MONG CHOW v. LAM KONG MAN

Citation

[2019] HKCFI 830
Court

Court of First Instance
Case number

HCA327/2017

Because the defendants were found to be in contempt of court for breaching undertakings and failed to purge the contempt, their defences were struck out; consequently the plaintiff is entitled to judgment in default of defence and to declaratory relief without a trial where necessary to protect her proprietary interests in Wai Tat Trading and Ho Kit PRC.
5 Sept 2002

RE LUEN CHEONG TAI INTERNATIONAL HOLDINGS LTD

Citation

RE LUEN CHEONG TAI INTERNATIONAL HOLDINGS LTD
Court

Court of First Instance
Case number

HCCW584/2002

Given the company's severe financial deterioration, delayed and qualified accounts, significant doubtful assets and related-party transactions raising justifiable suspicions, together with the loss of confidence by the financial creditors in management and a realistic prospect that a winding up order would be made if restructuring failed, it was proper to appoint provisional liquidators to protect assets, investigate and facilitate restructuring; prior limited engagement by Ernst & Young did not disqualify the proposed appointees in the absence of specific evidence of impropriety.