10 Apr 2013
WONG TAK MAN, STEPHEN AND ANOTHER v. CHEUNG SIU FAI AND ANOTHER
- Citation
- WONG TAK MAN, STEPHEN AND ANOTHER v. CHEUNG SIU FAI AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP1431/2012
The striking out application was dismissed because the trustees' case that the 36 transfers were gifts and therefore transactions at an undervalue under s49 was reasonably arguable; the statutory presumption of insolvency under s51(2) applied to transfers to associates and the respondents failed to rebut that presumption on the material available, so the claim disclosed a reasonable cause of action and was not an abuse of process.