Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Creditor interest
  • 20 Mar 2003

    YIP LAI FONG AND ANOTHER v. SIN TUNG HNG AND OTHERS

    Citation
    YIP LAI FONG AND ANOTHER v. SIN TUNG HNG AND OTHERS
    Court
    Court of First Instance
    Case number
    HCMP2423/2002

    The Intervener s rights were contractual (term loan and contingent conversion option), the Intervener s shares had been transferred and the purchase price treated as a loan; those rights are no different from a commercial creditor s interest or are contingent and speculative; such interests do not amount to an interest directly related to the subject matter for the purposes of Order 15 rule 6(2)(b)(ii); therefore joinder was not justified and the application was dismissed.