31 Oct 2003
CARGO SERVICES LTD v. HUNDRED HONEST LTD AND OTHERS
- Citation
- CARGO SERVICES LTD v. HUNDRED HONEST LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW1028/2002
Court found an equitable quasi-partnership/understanding between Kingson Lee and John Lau giving rise to expectations of equal profit participation and management involvement; the majority (through John Lau) exercised discretion over bonuses and stock options in a manner lacking probity, produced unfair dilution and engineered wrongful exclusion of the petitioner from management; these breaches justified a winding-up order on just and equitable grounds despite the company's solvency.