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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.

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