11 Dec 2003
MAN FONG HANG v. MAN PING NAM AND OTHERS
- Citation
- MAN FONG HANG v. MAN PING NAM AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA7935/1998
The managers breached their fiduciary duties by failing to obtain majority approval in accordance with the Wui constitution/practice, failing to market the land or seek professional valuation or advice and failing to account properly for the Donation which constituted part of the sale proceeds; Section 60 relief refused; Defendants liable to equitable compensation and to account for the Donation and interest; equitable compensation quantified for the Plaintiff at HKD 2,756,354.39 (1.5/32 share of the proved loss).