8 May 2008
CHAN SUM TAI AND OTHERS v. CHAN SHIU KAU ANTHONY AND OTHERS
- Citation
- CHAN SUM TAI AND OTHERS v. CHAN SHIU KAU ANTHONY AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW373/2007
The court validated the interim special dividend of HK$102,000,000 because directors had authority and reasons an intelligent honest man could hold; validated only specified ledger amounts recorded as dividends since 2001 for four shareholders (total HK$605,455.90) because post‑2001 entries identified as dividends were provable; declined to validate pre‑2001 deposits, interest, director's bonuses or other amounts due to insufficient evidence and legal rule that unclaimed dividends do not bear interest and are not treated as debts without clear conversion to loan.