2 Apr 2026
LIQUIDITY TECHNOLOGIES LTD AND ANOTHER v. MARK DAVID LAMB AND OTHERS
- Citation
- [2026] HKCFI 1758
- Court
- Court of First Instance
- Case number
- HCA1646/2023
The court found on the evidential record that Lamb acted in breach of his fiduciary duties by improperly entering into the Settlement Agreement that relinquished P1's US$84M arbitration claim and obtaining a waiver of liability for himself; Lamb's defences on that point were not credible or supported by contemporaneous evidence, so partial summary judgment was appropriate on that discrete claim. However, numerous other allegations (transfers to OPNX, licence and Fireblocks assignments, misappropriation of tokens, access to records, domain and equitable remedies) raise serious factual disputes…