Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Priority of liquidator and creditors
  • 2 Aug 1978

    RE INTEX GARMENT FACTORY LTD

    Citation
    RE INTEX GARMENT FACTORY LTD
    Court
    Court of First Instance
    Case number
    HCCW30/1977

    The invoices and receipts were preliminary evidence of negotiations; the executed Bill of Sale embodied the final transaction and, on its proper characterization, created a registrable charge. Because that Bill of Sale was not registered as required by s80(1), it was void against the liquidator and creditors; therefore the Official Receiver was entitled to treat the machinery as company assets and sell them in the liquidation.