Read the full judgment text of HCCW 41/2011 on BabelCite. This High Court CFI judgment was delivered on 4 July 2014.
1. I have before me two summonses. The first has been issued by the 2 nd Respondent and seeks an order directing the experts, Union Alpha CPA, to reverse various items in their valuation report dated 10 October 2013. The first of these concerns bad debts totalling HK$1,230,000. The second is HK$450,000 which represents the reversal of an item for salary accrued to a director, namely, Mr. Lloyd. These items appear as assets in the 1 st Respondent’s accounts and, therefore, increase the value of t