22 Oct 2013
THE JOINT AND SEVERAL LIQUIDATORS OF TISCO SECURITIES HONG KONG LTD v. THE OFFICIAL TRUSTEE
- Citation
- THE JOINT AND SEVERAL LIQUIDATORS OF TISCO SECURITIES HONG KONG LTD v. THE OFFICIAL TRUSTEE
- Court
- Court of First Instance
- Case number
- HCMP2002/2013
Cash and securities held by the company for clients are trust assets; the court will declare those assets to be held on trust and authorize payment into court under sections 67 and 68 for assets held for clients who can be identified (though not contacted) and under section 62 for assets held for clients who cannot be identified, and accordingly the requested orders are granted.