19 Jan 2016
TANG CHUNG WAH aka TANG CHUNG WAH, ALAN AND ANOTHER v. JONATHAN RUSSELL LEONG AND OTHERS
- Citation
- TANG CHUNG WAH aka TANG CHUNG WAH, ALAN AND ANOTHER v. JONATHAN RUSSELL LEONG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1691/2011
Defendants' decision to settle and to instruct lawyers not to pursue counterclaims was a bona fide commercial decision within their authority as majority partners and not a breach of fiduciary duty; limited breaches of clause 7.2 occurred by D1, D4 and D7 in timing (and D1 in completeness) for which nominal damages were appropriate; clause 7.1 may require reasonable securities and plaintiffs failed to provide acceptable indemnity; Settlement Deed is binding on all partners; accounting for WIP and receivables and other specified relief to proceed by account.