THE COUNCIL OF THE LAW SOCIETYOF HONG KONG v THE OFFICIAL RECEIVER as trusteein bankruptcy of Lai Kwok Ming formerlytrading as Tommy Lai & Co

Read the full judgment text of HCMP 000889/2005 on BabelCite. This High Court CFI judgment was delivered on 8 December 2006.

1. By resolution dated 2 July 2002 (“the Resolution”), the Council of the Law Society resolved to intervene into the practice of Messrs Tommy Lai & Co (“the Firm”).  By virtue of the Resolution and pursuant to section 2 of Schedule 2 of the Legal Practitioners Ordinance, Cap.159 (“LPO”), the moneys held in the clients’ accounts and office  accounts of the Firm became vested in the Council, which in turn hold the same on trust for the persons beneficially entitled to them.  The Council has howeve