26 Sept 2008
RE GOODWAY LTD
- Citation
- RE GOODWAY LTD
- Court
- Court of First Instance
- Case number
- HCCW162/1998
The court held that the consideration was paid under a mistake of law as to the assignability of most claims; applying Ex parte James the Official Receiver, as officer of the court, must act impartially and repay the mistaken consideration. The court sanctioned a refund of $349,900 to Yook Tong, ascribed token value $100 to the validly assigned claims, and ordered that the committee vacancy need not be filled; no order as to costs was made.