27 Jun 2006
RE UNI-ALPHA SECURITIES LTD AND ANOTHER
- Citation
- RE UNI-ALPHA SECURITIES LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP714/2006
The court held that the cash and securities detailed in the schedules are beneficially owned by the named clients and are held on trust by the applicants; accordingly the applicants must pay those unclaimed assets into court under section 62 Trustee Ordinance and give advertisement notice under Order 92, with payment-out and ultimate dealing to follow the procedures of Order 92 and Rule 23 Suitors Fund Rules.