14 Aug 2019
HAW PAR PHARMACEUTICAL HOLDINGS PTE. LTD.v. HUA HAN HEALTH INDUSTRY HOLDINGS LTD (“the Company”)
- Citation
- [2019] HKCA 906
- Court
- Court of Appeal
- Case number
- CAMP182/2019
The Court of Appeal refused leave to appeal and refused the stay because the proposed grounds were not reasonably arguable: a contributory may be substituted and at the preliminary stage a demonstrated need for investigation can suffice where there is a realistic prospect that investigation will reveal a tangible interest or a surplus (particularly where company default or the company’s listed status makes proof of surplus difficult at that stage); public interest factors are relevant but cannot alone justify a private petition. Accordingly the judge’s orders for substitution and provisional…