13 Jun 2001
RE GOOD BROAD LTD. (IN LIQUIDATION)
- Citation
- RE GOOD BROAD LTD. (IN LIQUIDATION)
- Court
- Court of First Instance
- Case number
- HCCW447/1996
The court exercised its discretion to refuse leave to disclaim because granting the disclaimer would adversely affect the liabilities of other co-owners by shifting maintenance and other obligations onto them, and that potential prejudice outweighed the liquidators' claim that the share was unsaleable; the alternative consequence of bona vacantia on dissolution did not justify prejudicing third parties.