13 Jul 2011
EFFISCIENT LTD v. LEHMANBROWN LTD AND ANOTHER
- Citation
- EFFISCIENT LTD v. LEHMANBROWN LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCW383/2010
The court found the petitioner failed to satisfy that the inspection under s152FA was made in good faith for a proper purpose (the application was disproportionate, amounted to a fishing expedition and was tainted by possible ulterior motives including harassment/competition), so jurisdiction under s152FA was not triggered; alternatively, in the exercise of discretion the inspection and most specific discovery requests were refused as unnecessary or overly broad, with limited narrowly framed discovery/affidavit requirements allowed for specific classes in the cross‑petitioner's summons; costs…
- Section 152fa inspection orders
- Order 24 discovery
- Shareholder deadlock and buy‑out valuation
- Good faith and proper purpose in inspection applications
- Costs orders