28 Jun 2024
SHOWN WAI INVESTMENT COMPANY LTD v. HUI YIP WING DAVID
- Citation
- [2024] HKCFI 1477
- Court
- Court of First Instance
- Case number
- HCA2959/2015
The plaintiff's claim is dismissed: the court found no properly pleaded cause of action based on de facto directorship and, on the evidence, the defendant was not a de facto director at the relevant time; in any event the defendant's conduct fell within his roles as Group General Manager/Chime director/authorised representative, adequate disclosure had been made (employment contracts and verbal disclosure to Director of Corporate Governance), no real possibility of a conflict or breach of duty was established, causation was not proved and the plaintiff failed to mitigate losses by accepting a…