Chun, Jacky Chi Wai 秦志威
China Metal Recycling (ex-0773) v UBS AG
| Companies (Winding-up) Rules
HK Court of First Instance, 20-Jul-2022
Oops! Paragraphs of the liquidators' writ against sponsor UBS are struck out, because under High Court Rules for companies winding up, the claims should have been made by summons, not writ. The obvious question is: why didn't the solicitors, Karas LLP, advise their client of this? Notably the writ was filed only a day before the 6th anniversary of liquidators' appointment, after which the claim would be time-barred. Now the question is whether the Summons will be time-barred.
HK Court of First Instance, 20-Jul-2022
Oops! Paragraphs of the liquidators' writ against sponsor UBS are struck out, because under High Court Rules for companies winding up, the claims should have been made by summons, not writ. The obvious question is: why didn't the solicitors, Karas LLP, advise their client of this? Notably the writ was filed only a day before the 6th anniversary of liquidators' appointment, after which the claim would be time-barred. Now the question is whether the Summons will be time-barred.
China Metal Recycling (Holdings) Ltd v Jacky Chun Chi Wai & others
HK Court of First Instance, 25-Feb-2021
HK Court of First Instance, 25-Feb-2021
HKSAR v Lai Wun Yin & Choy Ling Ling, ex-China Metal Recycling (ex-0773): reasons for sentence
HK Court of First Instance, 23-Jan-2020
HK Court of First Instance, 23-Jan-2020
China Metal Recycling (Holdings) Ltd v Jacky Chun Chi Wai & others
HK Court of First Instance, 5-Feb-2016
"Mr Chun's three daughters are said to have controlled what remains of the US$82 million...There is nothing to suggest that they had done anything to warrant such munificence..."
HK Court of First Instance, 5-Feb-2016
"Mr Chun's three daughters are said to have controlled what remains of the US$82 million...There is nothing to suggest that they had done anything to warrant such munificence..."
SFC v China Metal Recycling (0773) & Jacky Chun Chi Wai
HK Court of Appeal, 30-Oct-2014
Chairman and CEO Mr Chun continues to drag his feet on helping the provisional liquidators to gain control of the mainland subsidiaries.
HK Court of Appeal, 30-Oct-2014
Chairman and CEO Mr Chun continues to drag his feet on helping the provisional liquidators to gain control of the mainland subsidiaries.
China Metal Recycling (Holdings) Ltd v Chun Chi Wai & others
HK Court of First Instance, 9-Apr-2014
Judge Louis Chan states: "In the light of the HK$822,900,000 received by the defendants since the end of 2009, this disclosure of assets at HK$99,886,000 is incredible. That means the defendants had “used, spent or disposed of” about HK$200 million per year, or over half a million a day." He orders disclosure of what has happened since the Mareva injunction on 30-Jul-2013, but not a tracing order for earlier disposals.
HK Court of First Instance, 9-Apr-2014
Judge Louis Chan states: "In the light of the HK$822,900,000 received by the defendants since the end of 2009, this disclosure of assets at HK$99,886,000 is incredible. That means the defendants had “used, spent or disposed of” about HK$200 million per year, or over half a million a day." He orders disclosure of what has happened since the Mareva injunction on 30-Jul-2013, but not a tracing order for earlier disposals.
Court gives directions in the winding-up proceedings of China Metal Recycling (0773)
SFC, 21-Oct-2013
SFC, 21-Oct-2013
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