24 Dec 2018
YEUNG BING KWONG KENNETH v. MOUNT OSCAR LTD
- Citation
- [2018] HKCFI 2763
- Court
- Court of First Instance
- Case number
- HCMP773/2018
The court held that there is no legal basis to read into section 463 of the Companies Ordinance an implied requirement that reasons for a proposed removal must be given to the affected director; the Applicant failed to meet the high threshold for necessary implication, practical and statutory scheme considerations rebut the implication, and therefore the Originating Summons is dismissed.