30 May 2018
RE HABIB FINANCE INTERNATIONAL LTD
- Citation
- [2018] HKCFI 1193
- Court
- Court of First Instance
- Case number
- HCMP711/2018
The Court was satisfied on the affirmations that the listed sums are held by the Company on trust for the named customers and that reasonable efforts to notify them had been made; accordingly the Court ordered payment of the unclaimed sums into court under s.62 Trustee Ordinance and Order 92. The Court refused the application to pay sums purportedly belonging to struck off/deregistered companies into the Treasury as bona vacantia because there was no evidence as to when the Company acquired the sums, whether account holders held funds for third parties, and because such companies may be resto…