20 Nov 2014
HONGKONG ZHONGXING GROUP COMPANY LTD v. GRAND FIELD GROUP HOLDINGS LTD
- Citation
- HONGKONG ZHONGXING GROUP COMPANY LTD v. GRAND FIELD GROUP HOLDINGS LTD
- Court
- Court of First Instance
- Case number
- HCMP3278/2013
The court found the plaintiff's originating summons was reasonable because the defendant's conduct and communications indicated a lack of intent to prosecute the underlying action; a shareholder must show compliance with any requirements of the place of incorporation but absence of a statutory leave requirement there does not bar use of Hong Kong's statutory derivative procedure; accordingly costs of the originating summons were ordered to be paid by the defendant to the plaintiff on a party-and-party basis with a certificate for one counsel.