4 Oct 2024
RE WSY
- Citation
- [2024] HKCFI 2713
- Court
- Court of First Instance
- Case number
- HCMH80/2011
The Buy‑out Summons was dismissed because the proposed buy‑out was not shown to be demonstrably in the paramount interests of the MIP: material valuation disputes and commercial terms were substantive rather than merely procedural, the supervisory jurisdiction is protective not a forum for resolving inter partes business negotiations, and the Committee retains discretion to seek compliance with the Setting Aside Order or negotiate terms; however the Court authorized the Committee not to seek restitution or recourse against CK in respect of two properties already sold by KH.