8 Dec 2015
COQUEEN CO LTD v. CHUI WAI KWAN AND OTHERS
- Citation
- COQUEEN CO LTD v. CHUI WAI KWAN AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP438/2010
The court found the sale to Leading Win was not a settlement between Coqueen and Hing and that circumstances (notably Coqueen's change from seeking a discount for unfair prejudice to accepting a conventional minority discount and the identical unit price paid for all siblings' shares) constituted an acknowledgment of likely defeat. Coqueen failed to discharge the burden to show a proper basis to depart from the general rule; accordingly Coqueen must pay Hing's costs of the petition and costs of the summonses as ordered.