Chi, Jocelyn Lai Man 徐麗雯
Re liquidation of Gatecoin Ltd
| How one thing leads to another
HK Court of First Instance, 31-Mar-2023
If the name rings a bell, we wrote about Gatecoin and its dubious practices in our article of 22-Nov-2017. The court rules that cryptotokens are "property" capable of being held on trust. Who knew that this was in doubt? Judge Linda Chan Ching Fan even goes so far as to call them "cryptocurrencies" - we wouldn't.
HK Court of First Instance, 31-Mar-2023
If the name rings a bell, we wrote about Gatecoin and its dubious practices in our article of 22-Nov-2017. The court rules that cryptotokens are "property" capable of being held on trust. Who knew that this was in doubt? Judge Linda Chan Ching Fan even goes so far as to call them "cryptocurrencies" - we wouldn't.
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.
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