Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Debentures
  • 29 Apr 1978

    HOWARD WILLIAM BURDETT v. EMSWORTH LTD

    Citation
    HOWARD WILLIAM BURDETT v. EMSWORTH LTD
    Court
    Court of First Instance
    Case number
    HCA3546/1977

    On the facts the Court found that Emsworth (owned by a founding director and creditor) acquired more than mere production assets: continuity of product, location, some workforce, moulds and management meant a going concern was effectively transferred without the prescribed notice under section 3; the transfer fell within the Ordinance and plaintiff was entitled to judgment for the loss of his hull valued at HK$200,000 plus costs.