29 Mar 2007
BEATRICE TSANG SAU HING AND ANOTHER v. YUENG MAN LOONG MAXLY AND OTHERS
- Citation
- BEATRICE TSANG SAU HING AND ANOTHER v. YUENG MAN LOONG MAXLY AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW50/2006
The documents sought were primarily documents of a joint-venture/subsidiary and not documents of the Hong Kong company itself; therefore s121 did not entitle the directors to inspect those documents. The appropriate remedy was to treat the application as an Order 24 discovery matter; the provisional liquidators must state what documents the company actually has and produce a discovery list. The court refused to sanction the sale of Sunville's major non-wasting property because there was no present need to sell and no compelling basis to approve an unsolicited high offer at this stage; costs w…