Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Directors' loan
  • 24 Feb 2010

    RE TSZ WAN SHAN LTD (In Liquidation)

    Citation
    RE TSZ WAN SHAN LTD (In Liquidation)
    Court
    Court of First Instance
    Case number
    HCCW306/2006

    On the balance of probabilities the applicant proved the debt because the directors' loan was consistently recorded in audited financial statements, the commercial context made the existence of financing by the directors inherently likely, and the applicant's account was corroborated by her sister; therefore the proof of debt was admitted despite lack of contemporaneous receipts.