7 Jan 2020
WAH NAM GROUP LTD v. RODERICK JOHN SUTTON AND ANOTHER
- Citation
- [2020] HKCA 30
- Court
- Court of Appeal
- Case number
- CACV217/2017
Leave to appeal was dismissed because WN's claim was struck out for contravening the no reflective loss principle: the companies (GSP and CS) have valid causes of action and WN's pleaded loss is purely reflective as a shareholder; the existence or disputed strength of the companies' causes of action and differences in defendants' capacities do not affect the principle; the security for costs application fell away and no order was made.