Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Security/compound offer
  • 13 Oct 2022

    RE TO PUI KUI

    Citation
    [2022] HKCFI 3133
    Court
    Court of First Instance
    Case number
    HCB5189/2018

    The court held that the Debtors’ offers to secure or compound were unreasonable and insufficient because they omitted readily available cash assets (the Canadian estate), lacked evidence of other family members’ contributions, and did not address present and contingent liabilities; accordingly the petitioner’s refusal was not unreasonable under s6D(3) and bankruptcy orders were made against both Debtors.