31 Aug 2016
QIYANG LTD AND OTHERS v. MEI LI NEW ENERGY LTD AND OTHERS
- Citation
- QIYANG LTD AND OTHERS v. MEI LI NEW ENERGY LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA420/2011
The transfer to Rare Earth and subsequent appointments were a nominee/nominee‑trust arrangement keeping beneficial control with Chung; by operation of Bankruptcy Ordinance ss.12 and 58 Chung's beneficial interest and powers vested in the Official Receiver/trustees and Rare Earth/Mei Li (being complicit and having knowledge) could not validly exercise those powers or ratify solicitors without trustee/Official Receiver consent; therefore the resolutions appointing Huang and authorising DSC/CLCMC were invalid and the solicitors lacked authority, so the Authority Summons succeeds and the Leave to…