OneTradex LTD (OTX)
Securities Investment Business-report by its auditor of improprieties- appointment of controllers by the Monetary Authority over its affairs - controllers application for their appointment as provisional liquidators - basis for appointment of provisional liquidators- payment of liquidation costs from assets of client held on trust - Berkeley Applegate principle- distribution of assets in satisfaction of claims while disputed claims unresolved- jurisdiction to allow - setting of liquidation reserve to meet costs and unresolved claims while allowing for return of assets- principle for setting of such a reserve-whether provisional liquidators might be allowed interim payment on costs- jurisdiction to allow interim payments.
All PDF copies on file (1)
Every PDF we hold for this judgment is listed here, including legacy versions pulled from earlier upstream pipelines. Each carries a provenance note so the source of each copy is explicit.
| Cause Number | FSD 0166 OF 2019 (ASCJ) |
|---|---|
| Court | Grand Court |
| Judgment Date | 2020-Oct-01 |
| Subject | Securities Investment Business-report by its auditor of improprieties- appointment of controllers by the Monetary Authority over its affairs - controllers application for their appointment as provisional liquidators - basis for appointment of provisional liquidators- payment of liquidation costs from assets of client held on trust - Berkeley Applegate principle- distribution of assets in satisfaction of claims while disputed claims unresolved- jurisdiction to allow - setting of liquidation reserve to meet costs and unresolved claims while allowing for return of assets- principle for setting of such a reserve-whether provisional liquidators might be allowed interim payment on costs- jurisdiction to allow interim payments. |
| Category | Financial Services Division |
| Filename (current) | 4R5KYA3PAGLK1F27GF8A268B0F839F179BB68A34055BFD4A7FAA.pdf |
| File MD5 | 1c8622fad59634bc5ed97c8ac1de0929 |
| Source pipeline | csv |