28 Sept 2007
FONG SHUI HIN AND OTHERS v. LAM KIT SING AND OTHERS
- Citation
- FONG SHUI HIN AND OTHERS v. LAM KIT SING AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1989/2004
The Peregrine principle is confined to liquidation/winding-up ex parte contexts where companies are insolvent and unrepresented; it does not apply to a solvent association whose receivers were appointed for limited administrative duties and then discharged. Therefore no continuing fiduciary duty to account arose and the disputed items must be resolved by normal inter partes taxation; the Association's application to refuse taxation is dismissed.