16 May 2025
LAM HAU LOK IVAN v. LAM KIT YEE VANESSA AND ANOTHER
- Citation
- [2025] HKCFI 2026
- Court
- Court of First Instance
- Case number
- HCMP1408/2024
The court held the allotment was valid: the requisite members' and board approvals existed and were binding (Plaintiff's signature and/or unanimous written consent effective under article 62 and the Duomatic principle), the Companies Ordinance regime (including abolition of nominal value) meant there was no prohibited 'discount' in the pleaded sense and s170 permits bonus issues, bonus shares may be issued without increase of capital and need not be confined to existing shareholders in the factual context, procedural irregularities were cured by unanimous consent and ratification, and the Pla…