16 Sept 2021
YEO BOON ANN AND ANOTHER v. MARSPAN LTD AND ANOTHER
- Citation
- [2021] HKCFI 2799
- Court
- Court of First Instance
- Case number
- HCMP2230/2020
The 999 shares registered in the name of the bankrupt vested in the trustees by operation of law on the bankruptcy order under s58 and are not excluded from the bankrupts estate by s43(3) because the bankrupt held a beneficial interest; the trustees met the companys article requirements to be registered and to obtain a certificate; competing beneficial claims by third parties do not prevent vesting of legal title and are to be resolved in the appropriate proceedings, not by refusing the trustees registration.