27 Jul 2000
Maritime lien for seafarers' wages is a personal privilege incapable of voluntary transfer by assignment (legal or equitable); therefore the Assignee did not acquire the crew's maritime lien and ranks behind the mortgagee; consequently the mortgagee (Bank) has priority to the fund in court.
28 Jun 1989
An interest in textile export quota, though created as a public law privilege, is an assignable intangible proprietary right capable of being sold and charged; such an interest may be subject to a fixed charge where the chargee obtains control over disposition of the quota, and a fixed charge over quota not falling within the categories of s.80(2) Companies Ordinance does not require registration under s.80; on the facts certain instruments were fixed charges and the comparable debentures ranked pari passu.