23 Oct 2024
SEA HERITAGE HOLDINGS LTD v. NICE WAVE INTERNATIONAL LTD
- Citation
- [2024] HKCFI 2891
- Court
- Court of First Instance
- Case number
- HCMP1294/2024
Leave to commence the statutory derivative action was granted and a protective writ permitted because the draft Statement of Claim raised serious issues to be tried within the statutory low threshold, the intended action appeared to be in the interests of the company, the claims risked becoming time-barred, and the interim protective writ subject to non-service caused no prejudice to the company or proposed defendants and could be revoked or prevented from being served if leave ultimately refused.