18 Oct 2011
TSAI SHAO CHUNG v. ASIA TELEVISION LTD AND OTHERS
- Citation
- TSAI SHAO CHUNG v. ASIA TELEVISION LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP749/2011
The court held that each director has an individual common law and statutory right to inspect company documents relevant to performing his duties; articles purporting to limit that right to the board or to deny individual inspection are to be construed so as not to defeat the director's right (and would be void if they did); inspection was sought for a proper purpose and shareholders' agreements permitted onward disclosure to shareholders, so no restriction on disclosure was imposed; therefore inspection in the terms sought was ordered.