30 Sept 2022
CHAN KAM CHEUNG v. RONNIE K W CHOI & KEVIN K F LO t/a CHOI, LO & CO Certified Public Accountants (Practising) AND ANOTHER
- Citation
- [2022] HKCFI 3028
- Court
- Court of First Instance
- Case number
- HCA2307/2019
No duty of care was owed by the 2nd defendant to the individual shareholder because there was no identifiable transaction in contemplation when the auditor was engaged (the buyout petition was stayed and dormant), the pleaded facts did not show the auditors knew the plaintiff would rely on the accounts for a specific buyout, and the ASoC failed adequately to plead loss and causation; accordingly the claim against the 2nd defendant was unsustainable and the appeal was dismissed.