24 Mar 2026
DEUTSCHE SECURITIES ASIA LTD v. THE FINANCIAL SECRETARY AND OTHERS
- Citation
- [2026] HKCFI 1637
- Court
- Court of First Instance
- Case number
- HCMP589/2025
The Court was satisfied the plaintiff held the Cash, Shares and Dividends on trust and lacked power to dispose; the plaintiff had taken reasonable steps to trace beneficiaries; given the likelihood of a sub-trust and public interest, the Shares (to be sold), Cash, sale proceeds and Dividends were ordered paid into Court; the plaintiff may deduct its costs and expenses prior to payment but the claimed sums are substantial and summary assessment was refused and referred to a taxing master for detailed taxation; claimants will have a period to apply for payment out before transfer to general rev…