14 May 2010
CHAN LUEN YAN AND OTHERS v. CHAN TIN CHAI AND OTHERS
- Citation
- CHAN LUEN YAN AND OTHERS v. CHAN TIN CHAI AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW211/2007
Court found Goldsfine was not merely a nominee or trustee for CLC Ltd; majority's decision in January 2005 to waive rent and to make loans interest-free amounted to unfairly prejudicial conduct under s168A because it benefited majority shareholders disproportionately via their interests in CLC Ltd; the appropriate remedy was an order that Goldsfine purchase the petitioners' shares at net asset value as at the date of the petition, adjusted to include interest on outstanding loans and all arrears of rent, with parties to agree a valuer or apply to the court; winding up on just and equitable gr…