23 Jan 2020
PREMIUM MANAGEMENT LTD v. FUNG TIN YAU
- Citation
- [2020] HKCFI 252
- Court
- Court of First Instance
- Case number
- HCA3000/2017
The Court dismissed all three sets of appeals: the counterclaim based on assumed fiduciary duties disclosed a reasonable cause of action and was not plainly unsustainable; disputed facts and credibility issues precluded strike out or summary judgment and justified unconditional leave to defend; a prima facie case of fraud on the minority existed in respect of the transfers to the director's personal account, so the derivative claims were not struck out. Accordingly the interlocutory decisions below were upheld and appeals dismissed.