Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Liquidators' duties and powers
  • 16 Oct 2014

    RE DAYS INTERNATIONAL LTD

    Citation
    RE DAYS INTERNATIONAL LTD
    Court
    Court of First Instance
    Case number
    HCCW299/2011

    The dispute was adversarial in character; the liquidators' position was materially strengthened by the third affirmation of Mr Fok served 8 July 2013 which revealed evidence raising strong doubts about the genuineness of the underlying debt; accordingly Global must pay the liquidators' costs, but indemnity costs are confined to the period after the evidence could reasonably be relied upon (costs up to and including 20 July on a party-and-party basis; costs thereafter on an indemnity basis; costs of the hearing on the day ordered on a party-and-party basis).