12 May 2026
ELECTRONIC CONTROL TECHNOLOGY LTD (suing on behalf of itself as a shareholder in COBO ASIA LTD) v, WOLFANGO COZZI AND OTHERS
- Citation
- [2026] HKCFI 2696
- Court
- Court of First Instance
- Case number
- HCA1524/2022
The court found that Resolution 1 (26 October 2020) cutting the Company out of the supply chain for the identified Family Products constituted a breach of fiduciary duty by the controlling directors and was unfairly prejudicial to the Company; a buy-out order for ECT\u2019s 40% shareholding was appropriate; other major allegations (further diversion post-February 2021, competing business, most contract claims) were dismissed because either justified by operational exigencies (Premises closure), unpleaded, not attributable to Liang/ECT or contractual restraints were unenforceable (NCA/Art 8.1)…