Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Non-cooperation with trustees
  • 9 May 2014

    RE LEE PRISCILLA HWANG

    Citation
    RE LEE PRISCILLA HWANG
    Court
    Court of First Instance
    Case number
    HCB7452/2009

    The trustees proved multiple heads of unsatisfactory conduct and failure to co-operate: the bankrupts opposed US Chapter 15 and Turnover proceedings thereby obstructing trustees' access to US assets; post‑petition payments via OCHKL amounted to void preferential transactions; Raymond recharacterised amounts to avoid inclusion in his estate; Raymond failed to obtain and provide the GSA; both failed to disclose salary/benefits. These findings satisfied s 30A(4) and, on balancing creditors' interests and the gravity and consequences of the conduct, the court exercised its discretion to suspend t…