Read the full judgment text of HCB 686/2017 on BabelCite. This HCB judgment was delivered on 20 December 2017.
1. This is a bankruptcy petition presented by Chubb Life Insurance Co Ltd against Mr Shing Pui Keung (“ Shing ”), based on a statutory demand for a debt in the sum of $2,080,070.83. Shing was an insurance agent of the petitioner, having joined that company, which was then known as ACE Life Insurance Co Ltd, in October 2012. Shing left the petitioner in May 2016. It is not in dispute that the following amounts, inter alia , had been paid by the petitioner to Shing in the course of his agency:
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