21 Dec 2007
YUENG MAN LOONG MAXLY AND ANOTHER v. TSANG SAU HING BEATRICE AND OTHERS
- Citation
- YUENG MAN LOONG MAXLY AND ANOTHER v. TSANG SAU HING BEATRICE AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW130/2007
The court found a complete breakdown of trust and an irretrievable deadlock between the Tsang and Yeung families in relation to the four companies and that the Yeungs were substantially responsible for that breakdown; accordingly winding up on just and equitable grounds (s177(1)(f)) was justified and ordered for all four companies. The Yeungs failed to prove unfairly prejudicial conduct by the Tsangs under s168A and their cross‑petitions were dismissed; the proposed buy‑out order was not made.