6 Feb 2008
SEG INVESTMENT LTD v. SEG INTERNATIONAL SECURITIES (HK) LTD AND OTHERS
- Citation
- SEG INVESTMENT LTD v. SEG INTERNATIONAL SECURITIES (HK) LTD AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV383/2005
Additional evidence was excluded because the appellants failed the Ladd v Marshall tests (documents were available and could have been produced with reasonable diligence and would not have altered outcome); the board resolution of 28 August 2003 under s.228A was invalid because inadequate written notice was given, statutory preconditions in s.228A were not satisfied (no genuine belief, no proper specification that other winding-up routes were impracticable and the Plaintiff had not been asked to consider voluntary winding-up), and the resolution was passed with improper motive; accordingly th…