TARGET INSURANCE COMPANY LTD (IN COMPULSORY LIQUIDATION) V. NERICO BROTHERS LTD

[2025] HKCA 1024 Court of Appeal 17 November 2025 • CACV223/2022 • 28 min read
16 cases cited (0 SG, 16 foreign)

Practice Areas

Companies (Winding Up and Miscellaneous Provisions) Ordinance High Court Ordinance Rules of the High Court

Judges (3)

Au Coram Barma Coram Chu Coram

Counsel (6)

Chan & Chan Firm DLA Piper Hong Kong Firm Donald Ting Counsel Interested Party Ferrida Chan Counsel Interested Party Hectar Pun Counsel Interested Party Martin Ho Counsel Petitioner

Summary

Target Insurance Company Limited (in compulsory liquidation) brought proceedings against Nerico Brothers Limited regarding insurance claims and the obligations of the parties under insurance policies. The Court of Appeal considered the proper interpretation of the insurance arrangements and the liquidator's claims. The appeal was dealt with on its merits.

Statutes Cited

Companies (Winding Up and Miscellaneous Provisions) Ordinance (Cap 32)
High Court Ordinance (Cap 4)
Rules of the High Court (Cap 4A)

Cases Cited (16)

UK (5)
[1994] QB 179 [2004] 1 WLR 2807 [2009] EWHC 115 [2021] 4 WLR 101 [2024] AC 211
HK (11)
[2012] 5 HKLRD 853 [2012] 6 HKC 472 [2018] HKCFI 580 [2020] HKCFI 2985 [2022] HKCFI 1487 [2022] HKCFI 3097 [2023] 2 HKLRD 173 [2023] 4 HKC 434 [2023] HKCA 535 [2024] 3 HKC 257 [2025] HKCA 150

Judgment

Read the full judgment on the official Hong Kong Courts portal.

Read on HKLII

Source: HKLII ([2025] HKCA 1024)