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  • July 13, 2014
  • Last updated: 12:22am
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  1. News - Hong Kong - COURTS

    Payson Cha and brother apply for court order to wind up ATV over debt

    Posted Apr 23rd 2014, 03:44am by Eddie Lee

    ... Eddie Lee eddie.lee@scmp.com Ex-ATV directors apply for winding-up order Two former ATV directors yesterday filed an application with the High Court to wind up the television network. Hong Kong brothers Payson Cha Mou-sing and Johnson Cha Mou-daid took th ...

  2. News - Hong Kong - COURTS

    Jailed Birmingham City owner Carson Yeung sued over HK$2.3 million debt

    Posted Mar 15th 2014, 04:11am by Austin Chiu

    ... Austin Chiu austin.chiu@scmp.com Money lender serves writ on businessman over loan and interest he has failed to repay Jailed Yeung sued for debt of HK$2.3m Jailed Birmingham City Football ... as the principal of the loan and interest accrued until March 9. It is also seeking further interest until the debt is repaid, as well as legal costs. Yeung took over the soccer club for HK$731 million ...

  3. News - Hong Kong - COURTS

    Creditor seeks bankruptcy of ex-Leung aide citing HK$40m debt

    Posted Feb 21st 2014, 03:37am by Austin Chiu

    ... A creditor of former executive councillor Barry Cheung Chun-yuen is now seeking his bankruptcy over a debt claim of HK$40 million, sinking the former key supporter of Chief Executive Leung Chun-ying ... HK$33.4 million to Sinomax Finance as a guarantee for a loan New Effort borrowed in April. It was the first court judgment made against him over debts since HKMEx collapsed in May. In its November ...

  4. News - China - COURTS

    China’s high court orders blanket ban to deny debt defaulters jobs, travel and credit

    Posted Jan 17th 2014, 12:52pm by Andrea Chen

    ... Andrea Chen andrea.chen@scmp.com China’s Supreme People’s Court on Friday introduced a raft of restrictions against debt defaulters who fail to meet court orders to pay back what they owe. ... on companies with bad credit. The bank said it would launch a probe into the companies with unsustainable debts and run by local governments, and would close down the “incompetent” ones when necessary, ...

  5. News - Hong Kong - COURTS

    Regulators seek to freeze HK$1b of Gu Chujun's Kelon shares

    Posted Jun 22nd 2014, 04:30am by JULIE CHU

    ... its debts from the SFC. Its annual accounts overstated its financial position by between 486 million yuan and one billion yuan during the five years it was listed. The SFC claimed that Gu ...

  6. News - Hong Kong - COURTS

    Man jailed after failed robbery with airgun

    Posted May 27th 2014, 04:22am by JULIE CHU

    ... colleagues he had tried to rob. Cheung pleaded guilty in the Court of First Instance to one count of attempted robbery, saying he had been desperate to repay a HK$28,000 credit card debt. His attempt ... I'll open it for you." But Law failed to enter the correct password three times and triggered the alarm. Lawyer Newman Wong said Cheung was in debt because he had used the money to pay ...

  7. News - Hong Kong - COURTS

    Buying back Nansha land would have incurred huge debt: Ian Fok's lawyer

    Posted Nov 05th 2013, 04:17am by JULIE CHU

    ... debt' Siblings battling over control of late tycoon Henry Fok Ying-tung's estate had made a billion-dollar mistake, the Court of First Instance heard yesterday. They failed to realise that exercising a buy-back option for a share in a huge property project in Nansha, Guangzhou would bring with it a HK$1.497 billion debt plus interest, lawyers for Ian Fok Chun-wan said. The younger ...

  8. News - Hong Kong - COURTS

    Philip Chan's daughter sued for HK$4.5m over gambling debts

    Posted Aug 14th 2013, 12:00am by JULIE CHU

    ... Julie Chu julie.chu@scmp.com Philip Chan's daughter sued for HK$4.5m A Macau casino is suing the daughter of an actor-director for gambling debts of HK$4.52 million chalked up ... between May and June, and so her outstanding debts now amount to HK$4.52 million. MGM says in the writ that it hired Hong Kong solicitors to issue a demand letter to Chan to seek further ...

  9. News - Hong Kong - COURTS

    Live blog: Kwoks used 'elaborate' scheme to mask payments for Hui, prosecution says

    Posted Jun 06th 2014, 10:12am by Enoch Yiu, Stuart Lau, Patsy Moy

    ... that Rafael Hui has an oustanding debt of "3 million" that month, but Hui asked Raymond for an extension. May 5: An entry on a "Rafael Hui package" with the merger of MTR and KCRC ...

  10. Business - Money - COURTS

    HKMEx handed wind-up order as lawsuits mount against founder

    Posted Apr 29th 2014, 01:15am by ENOCH YIU AND JULIE CHU

    ... Enoch Yiu and Julie Chu Exchange's request involving a debt payment offer is dismissed, with attention turning to hearings concerning founder Barry Cheung HKMEx handed wind-up orderas ... was willing to invest in the HKMEx and agreed to pay a third of the debts within 30 days. But Judge Jonathan Harris found the HKMEx had failed to show it will be able to make full payments ...




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