30 Jun 2025
CHAN CHUN KUEN AND ANOTHER v. GANG PIAO JIA LTD AND ANOTHER
- Citation
- [2025] HKCFI 2781
- Court
- Court of First Instance
- Case number
- HCA2783/2018
The court held that the buyback right in Clauses 3.12 and 4.3 is enforceable and not subject to the alleged condition precedents; GPJ failed to prove consensual termination at the October 2016 meeting; Chan is entitled to specific performance for the repurchase at HK$2,000,000; Lau did not validly resign and remained a director and breached fiduciary duties by operating a competing business and must account for profits and be restrained.