22 Feb 2017
CHU KONG v. UP PROFIT LTD
- Citation
- CHU KONG v. UP PROFIT LTD
- Court
- Court of First Instance
- Case number
- HCMP305/2016
The court granted leave to commence the statutory derivative action and ordered that the costs of the application and intended derivative action be paid out of the company's assets, but declined to order immediate personal indemnity costs against the director; the court reserved the question of personal liability for costs until the derivative action is determined because it is fairer and the court is better placed to assess incidence and basis of costs after resolution of the substantive proceedings.