29 Dec 2017
HARBOUR FRONT LTD v. LEUNG YUET KEUNG AND OTHERS
- Citation
- HARBOUR FRONT LTD v. LEUNG YUET KEUNG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1143/2016
The claim was struck out in its entirety because Harbour Front failed to establish prima facie locus to sue derivatively for either Money Facts or Fonfair, much of the pleaded loss was reflective of company loss and thus impermissible, the pleadings were vague and did not disclose actual fraud or personal gain by the directors required for the fraud-on-the-minority exception, alternative remedy (winding up petitions) was available and ongoing, and Harbour Front was not a proper plaintiff due to prior misconduct (lack of clean hands).