30 Apr 2021
Wynn Resort (Macau) S.A. Poh Yang Hong
- Citation
- WA-22NCC-507-12/2017 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-507-12/2017 (Mahkamah Tinggi)
Where the plaintiff produced SSM searches showing the defendant as registered owner, omission to aver belief of beneficial ownership under Order 50 r3 was not fatal; the defendant must show lack of beneficial interest to resist making the charging order absolute. On the evidence most shares remained subject to a charging order absolute, but where contemporaneous evidence established transfer of shares (Ace Trace) or a subsisting trust (Chico Development) the court refused to make the order absolute in respect of those shares and varied the ex-parte order accordingly.