2 Feb 2004
RE FONFAIR CO LTD
- Citation
- RE FONFAIR CO LTD
- Court
- Court of First Instance
- Case number
- HCCW246/2002
The petitions to wind up Money Facts and Fonfair were dismissed: although a quasi‑partnership and equitable expectations between the parties existed, Harbour Front failed to establish wrongful exclusion from management and had itself engaged in misconduct that broke mutual trust and confidence; there were legitimate insolvency-related and statutory concerns (including potential setting aside under bankruptcy provisions and risk of indirect management by an undischarged bankrupt) justifying refusal to appoint Harbour Front nominees; Harbour Front also proved locus for Fonfair petition by annua…