Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Monitoring conditions

  • 11 Sept 2008

    NG WAI LING v. CHAN PING FAI RICKY AND ANOTHER

    Citation
    NG WAI LING v. CHAN PING FAI RICKY AND ANOTHER
    Court
    Court of First Instance
    Case number
    HCCW260/2008

    Validation orders were granted for each company to permit payments in the ordinary course of business between presentation of the petitions and judgment, subject to specified monthly caps (Honeycool $12,000; Lincoln $45,000; Hoovercool $42,000) and a bi-weekly reporting and inspection regime; the sale of three carparking spaces by Hoovercool was validated as arm's length and at full market value; general permission to dispose of landed properties was refused and future disposals must be the subject of separate validation applications; costs were assessed and allocated as set out.

  • 11 Sept 2008

    NG WAI LING v. CHAN PING FAI RICKY AND ANOTHER

    Citation
    NG WAI LING v. CHAN PING FAI RICKY AND ANOTHER
    Court
    Court of First Instance
    Case number
    HCCW262/2008

    Validation orders were granted but strictly limited: the court validated ordinary-course payments subject to company-specific monthly caps (Honeycool $12,000; Lincoln $45,000; Hoovercool $42,000), required a bi-weekly payment schedule with inspection rights, validated the specific sale of three carparking spaces by Hoovercool as arm's-length and at market value, and refused blanket permission to dispose of landed properties, leaving such disposals to separate validation applications.