21 Sept 2021
CHINA FORESTRY HOLDINGS CO LTD (in official liquidation) v. TOP WISDOM OVERSEAS HOLDINGS LTD AND ANOTHER
- Citation
- [2021] HKCFI 2761
- Court
- Court of First Instance
- Case number
- HCA1089/2016
The application to strike out was dismissed: in light of FHR and authorities the plaintiff's proprietary claim over the proceeds of the director's sale of shares was at least arguable and not plainly unsustainable; Sinclair does not conclusively preclude such a proprietary remedy and alleged regulatory remedies under the SFO are irrelevant to the strike-out threshold.