Read the full judgment text of HCB 7556/2019 on BabelCite. This HCB judgment was delivered on 21 September 2020.
1. This is a petition presented by Prudential Hong Kong Ltd for the bankruptcy of the debtor who was previously an insurance agent of the petitioner. The petition is based on a debt arising from the “financing payments” under the Service Agreement between the parties dated 1 June 2017. Three sums of $60,000 each were paid to the debtor on 30 June, 31 July and 31 August 2017 respectively. By a resignation letter dated 23 February 2019, the debtor requested to resign from his position with immedia