31 Jan 2018
張才奎所託管中國山水投資有限公司股份相關員工 AND OTHERS v. 張才奎 AND ANOTHER
- Citation
- [2018] HKCFI 194
- Court
- Court of First Instance
- Case number
- HCA939/2015
The receivership was discharged insofar as necessary because there was a highly material change of circumstances and material non‑disclosure: a large majority of plaintiffs had sold their beneficial interests and been paid (so no longer required the interim protection), the court had not been informed of these transactions or the origin of funds (raising serious questions about who truly controlled the litigation and purchasers), and the purposes for appointing receivers were substantially frustrated; consequently discharge was appropriate and replacement or split‑voting orders were unnecessa…