Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Liquidator's decision

  • 5 Nov 2014

    RE THE GRANDE HOLDINGS LTD

    Citation
    RE THE GRANDE HOLDINGS LTD
    Court
    Court of First Instance
    Case number
    HCCW177/2011

    On a broad macroscopic assessment the audit confirmation together with the 31 December 2010 debenture and the provisional liquidators' acceptance that Gain Alpha advanced the funds established a probable entitlement to the sum claimed; the creditor's proof was therefore to be admitted for voting in the amount claimed (US$7,902,154.04) and the liquidators were not entitled at this stage to require further primary proof such as bank statements.

  • 24 Feb 2010

    RE TSZ WAN SHAN LTD (In Liquidation)

    Citation
    RE TSZ WAN SHAN LTD (In Liquidation)
    Court
    Court of First Instance
    Case number
    HCCW306/2006

    On the balance of probabilities the applicant proved the debt because the directors' loan was consistently recorded in audited financial statements, the commercial context made the existence of financing by the directors inherently likely, and the applicant's account was corroborated by her sister; therefore the proof of debt was admitted despite lack of contemporaneous receipts.