Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Dividend recovery
  • 3 Aug 2016

    EXCELLENT INVESTMENT (GROUP) LTD (IN LIQUIDATION) v. SIN YUK LING

    Citation
    EXCELLENT INVESTMENT (GROUP) LTD (IN LIQUIDATION) v. SIN YUK LING
    Court
    Court of First Instance
    Case number
    HCCW294/2012

    Because the only identified company debt was the judgment for HK$210,000 and the JSL unreasonably insisted on recovery of the entirety of dividends causing avoidable costs, the court exercised its costs discretion: Sin must pay costs of the JSL Summons up to and including 1 September 2014 and the costs of liquidation except those incurred after 1 September 2014 for the purposes of the JSL Summons; the JSL must personally bear the costs of the JSL Summons incurred after 1 September 2014 (including the 21 April 2015 hearing) and the excluded liquidation costs; the costs of the S Summons are to…