28 Jan 2014
LIU MAN HO SIMON AND OTHERS v. OPUS LOGISTICS LTD AND OTHERS
- Citation
- LIU MAN HO SIMON AND OTHERS v. OPUS LOGISTICS LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA997/2011
The 2nd defendant breached fiduciary duties by diverting the Companys sole customer to Everfine; Everfine (as the 2nd defendants corporate vehicle) is liable to account for profits attributable to that diversion; the accountable period is limited to the first 12 months (up to end July 2009) where the misappropriated opportunity is attributable to the breach; directors fees claimed are not a deductible expense; Gold Marks claim dismissed.