7 Jan 2020
WAH NAM GROUP LTD v. RODERICK JOHN SUTTON AND ANOTHER
- Citation
- [2020] HKCA 30
- Court
- Court of Appeal
- Case number
- CACV215/2017
Leave to appeal was dismissed because WN’s pleaded loss was purely reflective of losses of its subsidiaries GSP and CS; the subsidiaries’ causes of action remained live so the no reflective loss principle barred the shareholder’s action regardless of any dispute about the companies’ underlying causes of action or the capacities in which the defendants were sued.