Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Companies ordinance provisions

Legal area

Court

11 Dec 2008

RE NICE & WELL LTD

Citation

RE NICE & WELL LTD
Court

Court of First Instance
Case number

HCMP2148/2008

Grant leave to bring the statutory derivative action because the Company has an arguable claim, notice requirements were satisfied and there is a serious question to be tried; allow joinder of Fu to contest costs; decline to order indemnity or final costs orders now because good faith, reasonable grounds and the Company's ability to pay are not yet established and likely contested.
24 Dec 1999

RE BOCI RESEARCH LTD.

Citation

RE BOCI RESEARCH LTD.
Court

Court of First Instance
Case number

HCMP6985/1999

The court held that the Companies Ordinance does not prevent share capital being denominated in a foreign currency, adopted the English practice of recording the re‑increased share capital in the minutes, and exercised its discretion to sanction the reductions because the slight decrease in authorized capital would not prejudice any party.