30 Oct 2013
WONG LUEN HANG AND ANOTHER v. CHAN YUK LUNG AND OTHERS
- Citation
- WONG LUEN HANG AND ANOTHER v. CHAN YUK LUNG AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV112/2012
The Court of Appeal upheld the trial judge: the Chan brothers did not breach their duty of care in agreeing the settlement because, given Amax's dominance of Topmix's business, the lack of information after key personnel were ousted, the practical difficulty and potential harm of protracted disputes or overseas litigation, and absence of dishonesty, the settlement was a reasonable business decision; accordingly the appeal failed and the trial costs order (plaintiffs to pay 80% of the defendants' costs) stood as plaintiffs failed to substantiate breach and did not seek early court sanction or…