21 Jan 2025
CHIU WING KEUNG MIKEY v. INTERASIA CORPORATION LTD AND OTHERS
- Citation
- [2025] HKCFI 386
- Court
- Court of First Instance
- Case number
- HCMP2114/2021
The Court found overall unfair prejudice: the parties' agreed fundamental bases (including each shareholder's right to participate in management) were breached when respondents removed the petitioner as director and caused discontinuance of the company actions to the petitioner's prejudice; respondents deleted and reallocated invoices and failed to discharge agreed capital obligations, left the petitioner to settle the SCB loan and undermined trust. There was no evidence of deliberate accounting fraud by petitioner; nevertheless trust was irretrievably broken and reconstitution was impractica…