8 Dec 2006
THE COUNCIL OF THE LAW SOCIETY OF HONG KONG v. THE OFFICIAL RECEIVER AND ANOTHER
- Citation
- THE COUNCIL OF THE LAW SOCIETY OF HONG KONG v. THE OFFICIAL RECEIVER AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP889/2005
The Court held that the moneys in the firm's client and office accounts vested in the Council and HSBC and Standard Chartered must close those accounts and release funds with interest to the Council; office account funds heavily mixed with client funds are to be treated as client moneys and are not available to the defendants; the intervention agent's Claims Investigation Report is adopted as verification; counsel are not beneficiaries for distribution; distribution shall be pari passu among admitted claimants; and the Council may distribute without retaining funds for potential future claims…