5 Jun 2015
ARTAN INVESTMENTS LTD AND OTHERS v. THE BANK OF EAST ASIA LTD AND OTHERS
- Citation
- ARTAN INVESTMENTS LTD AND OTHERS v. THE BANK OF EAST ASIA LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP125/2015
Where a shareholder meeting the statutory threshold shows good faith and establishes a sufficiently reasonable case for investigation that directors may have failed to take into account relevant factors or acted for an improper purpose in approving a share placement, the court should grant inspection under s740; confidentiality concerns do not outweigh the need for investigation and may be managed by undertakings; retention of advisers after objections does not, without more, negate the need for inspection.