17 Nov 2010
COSMO SOLUTION LTD v. WISETRADE FAR EAST LTD AND OTHERS
- Citation
- COSMO SOLUTION LTD v. WISETRADE FAR EAST LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW152/2008
The petitioner failed to prove that the Company's affairs were being conducted in a manner unfairly prejudicial to Cosmo under s168A: the Company was not shown to be a quasi‑partnership for the purposes relied on, the auditor's mistake as to unpaid share capital was caused by accounting vouchers and was rectified prior to the petition, Hercules MDL was commercially entitled to change IT suppliers, and no continuing unfair prejudice to Cosmo as member was established; accordingly the petition is dismissed.