21 Jan 2016
OSMAN MOHAMMED ARAB AND ANOTHER v. CHU CHI HO IAN
- Citation
- OSMAN MOHAMMED ARAB AND ANOTHER v. CHU CHI HO IAN
- Court
- Court of First Instance
- Case number
- HCB4344/2012
The court dismissed the application to remove the trustees: it found the trustees acted within their statutory duties and professional judgment, their fees were approved by the Creditors Committee and not shown to be excessive, communications and disclosures were appropriate in timing and content, rejection of proofs for voting was justified by lack of substantiation, confidentiality of the funding agreement justified non‑disclosure and the agreement was sanctioned by the court, and it was reasonable to exclude subjects of investigation from funding invitations; therefore no misconduct under…