10 Jul 2020
KING’S GLORY EDUCATIONAL CENTRE LTD v. TSANG WOON MING AND OTHERS
- Citation
- [2020] HKCFI 1503
- Court
- Court of First Instance
- Case number
- HCA33/2017
The petitioner failed to prove unfairly prejudicial conduct in the affairs of Nobility; the breakdown resulted primarily from an impasse over completion of the PSPA and Tsang’s refusal to complete the sale rather than actionable misconduct by the respondents; exclusion from management, non-payment of loans and managerial changes were not unfair in the changed circumstances (majority/Doers Youth financing and control); Tsang failed to prove the alleged conditional trust over the registered Noble share, therefore petition and Action 2 dismissed and the declaration/vesting relief in Action 3 gra…