25 Jun 2009
PLEASURE INTERNATIONAL LTD AND OTHERS v. KAO WAI HO FRANCIS AND ANOTHER
- Citation
- PLEASURE INTERNATIONAL LTD AND OTHERS v. KAO WAI HO FRANCIS AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1753/2008
On the evidence the 1st defendant failed to show any triable issue: under BVI law the common law no‑conflict and no‑profits rules apply and are not displaced by s124 or by the Articles; disclosure under s124 does not resolve the conflict or absolve accountability; the gifts therefore gave rise to a breach of fiduciary duty in principle and the plaintiffs were entitled to the injunction and costs ordered.