16 Jul 2018
LEE MAN BIU AND OTHERS v. HUNG WAN HOI GILBERT AND OTHERS
- Citation
- [2018] HKCFI 1658
- Court
- Court of First Instance
- Case number
- HCCW281/2014
Petition by Lee camp (HCCW 281/2014) dismissed; court found the Petitioners (principally Billy Lee) conducted the company's affairs in a manner unfairly prejudicial to the Respondents (Hung camp) by denying access to books, excluding their representatives from management and diverting corporate opportunities. The appropriate remedy is a purchase order: an order nisi that Billy Lee (as the primary responsible petitioner) purchase the Respondents' shares at a fair value determined as at 30 June 2012, with no minority discount, unpaid capital notionally treated as paid for valuation with adjustm…