IN THE MATTER of C.A. PACIFIC FINANCE LIMITED (in Liquidation) v IN THE MATTER of C.A. PACIFIC SECURITIES LIMITED (in Liquidation)

Read the full judgment text of HCCW 1023/2001 on BabelCite. This High Court CFI judgment was delivered on 28 August 2012.

1. The collapse of CA Pacific Securities (“ CAPS ”) and CA Pacific Finance (“ CAPF ”) and its aftermath has been recorded in a number of earlier judgments.  On the application of the Securities and Futures Commission (“ SFC ”), accountants from PricewaterhouseCoopers (“ PWC ”) were appointed provisional liquidators on 19 January 1998.  The companies were wound up on 4 June 1998 and the same persons were appointed liquidators.  At the time of collapse, CAPS was one of the largest securities broke