21 Jan 2021
SHIH-HUA INVESTMENT CO., LTD (suing for and on behalf of itself as shareholder of EVERGLORY ENERGY LTD v. ZHANG AIDONG AND OTHERS
- Citation
- [2021] HKCA 81
- Court
- Court of Appeal
- Case number
- CACV188/2017
The appeal was dismissed as academic because the company’s claims belong to the company and the independent Reconstituted Board and subsequently the liquidators had declined to pursue them; a contributory cannot continue the company’s litigation contrary to those officers of the company or liquidators, and SH had not obtained leave to appeal the costs order under s.14(3) High Court Ordinance; permitting SH to continue would be an abuse of process given lack of objective documentary evidence and the liquidators' position.