2 Sept 2013
CHEN LEE YUAN HUA v. HSIEH YANNIK AND OTHERS
- Citation
- CHEN LEE YUAN HUA v. HSIEH YANNIK AND OTHERS<br>
- Court
- Court of First Instance
- Case number
- HCCW436/2012
The court struck out the alternative winding-up prayer because there was no real prospect of winding-up given available alternative remedy (buy-out), the company's solvency and assets, and absence of evidence that winding-up was preferred or necessary; the court also struck out the prayers for inquiry/repayment of private expenses and account of profits because the third Re Chime criterion was not met due to a real risk of subsequent derivative/company proceedings (double jeopardy) and inadequate particularisation for the account of profits claim, but granted leave to re-amend the petition to…