This decision concerns motions by the Receiver for Bridging Finance Inc. and by BlackRock Funds to lift the stay of proceedings against Gary Man Kin Ng, a bankrupt, and to validate service of a Statement of Claim.
The court granted both motions, finding that the actions for fraud and fraudulent misrepresentation against Ng would not be discharged in bankruptcy, involved sufficient complexity, and required Ng as a necessary party.
The court also validated service of the Statement of Claim on Ng and the Ng Entities, as Ng had actual notice.
The decision reviews the legal test for lifting a bankruptcy stay and the requirements for validating service.
