21 Aug 2024
CHEN PEI XIONG v. CONVOY GLOBAL HOLDINGS LTD AND ANOTHER
- Citation
- [2024] HKCFI 1568
- Court
- Court of First Instance
- Case number
- HCMP211/2024
The originating summons for leave to commence the statutory derivative action was dismissed because the plaintiff failed to establish requisite standing as a registered member and had not satisfied requirements under the law of the place of incorporation (BVI) including the absence of any BVI leave for a multiple derivative claim; independently, the material did not disclose a serious issue to be tried on deliberate dishonest breach and, even if arguable, the Court would in its discretion refuse leave because the proceedings were not shown to be in the interests of Forthwise/Convoy; jurisdict…