5 Sept 1988
AMOY PROPERTIES LIMITED v. THE COMMITTEE ON TAKEOVERS AND OTHERS
- Citation
- AMOY PROPERTIES LIMITED v. THE COMMITTEE ON TAKEOVERS AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1054/1988
The Court held the Takeovers Committee correctly interpreted the Code to require a comparable offer across share classes; the Committee was entitled to determine what constituted a comparable offer on the evidence including market premiums; there was no demonstrated bias or procedural unfairness and no obligation to give written reasons in the circumstances; the Committee's decision was not irrational or Wednesbury unreasonable, so judicial review relief was refused.