Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Improper collateral purpose
  • 18 Nov 2002

    VAREX & CO. GmbH

    Citation
    VAREX & CO. GmbH
    Court
    Court of First Instance
    Case number
    HCCW1021/2002

    The petition was dismissed because the court was not persuaded the petition was brought for an improper collateral purpose and the petitioning debt, although paid after presentation, justified dismissal of the petition with an order that the Company pay the petitioners' costs to be taxed if not agreed.