25 May 2005
MAN SUN FINANCE (HOLDINGS) LTD v. FOO SAU CHUN, RICHARD AND OTHERS
- Citation
- MAN SUN FINANCE (HOLDINGS) LTD v. FOO SAU CHUN, RICHARD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1297/2002
The court held that Richard did not breach fiduciary duty because the payments by Fook Tai were tacitly authorized and/or constituted equitable reimbursement for liabilities Richard had properly discharged on behalf of Man Sun Finance; David Chan was entitled to rely on Richard's instructions and was not liable; accordingly plaintiff's claims dismissed and defendants entitled to relief and costs, with alternative s60 relief available if breach had been found.