30 Apr 2014
CHEN HA PING HEPBURN also known as CHEN HA PING AND ANOTHER v. LOONG WAN INVESTMENTS LTD AND ANOTHER
- Citation
- CHEN HA PING HEPBURN also known as CHEN HA PING AND ANOTHER v. LOONG WAN INVESTMENTS LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP1381/2013
Leave to pursue derivative claims was granted in respect of the Misappropriation Issue against Daniel for sums belonging to LS and LW because Daniel was in possession of company funds, no valid defence of beneficial ownership of the Loans or lawful set-off was established, the Dividends Issue was resolved by Daniel's undertaking and the Loans Issue was withdrawn by applicants (to be litigated in a separate action by TK); expert reports were admissible by affidavit in the circumstances and costs were apportioned as set out by the court.