21 Dec 2007
BEATRICE TSANG SAU HING AND ANOTHER v. YUENG MAN LOONG MAXLY AND OTHERS
- Citation
- BEATRICE TSANG SAU HING AND ANOTHER v. YUENG MAN LOONG MAXLY AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW50/2006
The court found an irretrievable breakdown of trust and an unworkable deadlock in the management of the four companies. The Yeungs were held substantially responsible for the breakdown. The Tsangs' petitions for winding up on just and equitable grounds were granted; the Yeungs' cross-petitions under s168A for buy-out relief were dismissed because unfairly prejudicial conduct vis-à-vis the companies was not established. The personal withdrawal from the Joint Account by Tsang Senior was improper between individuals but did not constitute conduct of the companies sufficient for s168A relief, tho…