Liu, Stephen Yiu Keung 廖耀強

Official Receiver vs David Yen Ching Wai & Stephen Liu Yiu Keung
HK Court of First Instance, 3-Feb-2024
The pair, of Ernst & Young Transactions Ltd, are disqualified as directors and liquidators for 7 years for their misconduct and ordered to pay costs of HK$2.1m. Justice Linda Chan overrides the Official Receiver's recommendation of 6 years.
HKICPA fines David Yen Ching Wai, of E&Y, HK$100k
HKICPA, 8-Jul-2022
For non-compliance with professional standards when acting as liquidator of a private company, probably Luen Tat Watch Band Manufacturer Ltd. He and the other liquidator, Stephen Liu Yiu Keung, were heavily criticised by the courts and removed from their positions. Both work or worked for Ernst & Young Transactions Ltd.
Allied Ever Holdings Ltd v Ken Li Shu Chung, Joseph Li See Sun & Luen Tat Watch Band Manufacturer Ltd
HK Court of Appeal, 27-Apr-2021
The liquidators' appeal is dismissed. The court writes: "They went out of their way to justify their entertaining the proofs of debt of Ken and his associates and their continuous pursuit of the claim against the Father could not possibly be based on legitimate grounds."
Luen Tat Watch Band Manufacturer Ltd v Stephen Liu Yiu Keung & David Yen Ching Wai
HK Court of First Instance, 7-Oct-2020
The court heavily criticises the former liquidators and orders them to hand over documents and pay costs on an indemnity basis.
Allied Ever Holdings Ltd v Ken Li Shu Chung, Joseph Li See Sun & Luen Tat Watch Band Manufacturer Ltd
HK Court of First Instance, 27-Nov-2017
"The way [the Liquidators] conducted this liquidation was shameful. They have completely forfeited the confidence of the court." - Deputy Judge Anthony To. The Winding-up Order is stayed permanently and the Liquidators, David Yen Ching Wai and Stephen Liu Yiu Keung of Ernst & Young Transactions Ltd, are removed and ordered to pay costs on an indemnity basis.

Sign up for our free newsletter

Recommend Webb-site to a friend

Copyright & disclaimer, Privacy policy

Back to top