STANDARD CHARTERED BANK (HONG KONG) LTD v. LAU LAI WENDY AND ANOTHER

HCA 1478/2017

[2024] HKCFI 1829

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO. 1478 OF 2017

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DECISION

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1.  This application is not opposed. I bear in mind the applicable principles set out in Leader Screws Manufacturing Co Ltd v Huang Shunkui [2021] HKCFI 2828.

2.  I am satisfied on the materials before the Court that the appointment of receivers is just and convenient for the enforcement of the Plaintiff’s judgment against the 2^nd Defendant.

3.  The assets in question are interests held in funds which are domiciled in Luxembourg. It is clear on the evidence that the appointment of receivers is the practical and costs effective manner of enforcement without undue delay.

4.  I grant an order in terms of the draft before the Court as amended.