17 Jul 2001
TSE WING YIN, IRENE v. CHAN WAI KEUNG AND ANOTHER
- Citation
- TSE WING YIN, IRENE v. CHAN WAI KEUNG AND ANOTHER
- Court
- Court of Appeal
- Case number
- CACV139/2001
The appeal was allowed because the appointment of new directors would disturb the balance created by the shareholders' agreement and was inappropriate while serious and possibly irreconcilable disputes (including a winding-up petition) were pending; instead the court set aside the order for an EGM, required the plaintiff to secure resignations of the newly appointed directors subject to an undertaking preserving current bank signing arrangements, and restored the winding-up petition for urgent directions.