Judgment
HSBC International Trustee Limited v Wong Kit Wan and Others - Judgment
[2025] CIGC (FSD) 66
· FSD 0059/2010 (AHJ) · 2011-05-23
Trustee directions for distribution on termination of discretionary trust; whether Sanderson J’s earlier order imposed obligation to sell operating companies; no “notional conversion”; no appropriation of specific assets; plan for in specie distribution subject to liabilities; sale/valuation methodology for operating companies; notional rent/set-offs; handling of disputed funds (UFJ/CALYON deposits, drawings)
Full metadata
| Neutral Citation | [2025] CIGC (FSD) 66 |
|---|---|
| Cause Number | FSD 0059/2010 (AHJ) |
| Court | CIGC (FSD) |
| Judge | Henderson J |
| Parties | HSBC International Trustee Limited v Wong Kit Wan and Others - Judgment |
| Judgment Date | 2011-05-23 |
| Subject | Trustee directions for distribution on termination of discretionary trust; whether Sanderson J’s earlier order imposed obligation to sell operating companies; no “notional conversion”; no appropriation of specific assets; plan for in specie distribution subject to liabilities; sale/valuation methodology for operating companies; notional rent/set-offs; handling of disputed funds (UFJ/CALYON deposits, drawings) |
| Filename (current) | 11-05-23-HSBC-International-Trustee-Ltd-v-Wong-Kit-Won-and-Others.pdf |
Legislation cited
| Statute | Sections cited | Mentions |
|---|---|---|
| Trusts Act | — | 1 |
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