Read the full judgment text of HCCW 195/1986 on BabelCite. This High Court CFI judgment was delivered on 28 December 1993.
1. This is an application under Section 265(5B) of the Companies Ordinance made by the Official Receiver. At the hearing of the application, I made an order that there be a distribution to Gondrand S.N.T. s.p.a. 15% preferentially of the amount recovered namely, approximately HK$305,831.50 after deducting the Official Receiver's usual fees. I stated that I would give my reasons for making the order in due course and that I now do.