31 Mar 2025
EAC TRANSPORTATION SERVICES (HONG KONG) LTD v. WAY-PROSPERITY CARGO SERVICES COMPANY LTD AND OTHERS
- Citation
- [2025] HKCFI 1233
- Court
- Court of First Instance
- Case number
- HCCW286/2013
Respondent directors did breach fiduciary duties and acted in conflict by causing the Company’s core fleet to be transferred to a related company and leasing them back on terms benefiting the related company, but the petitioner failed to prove causative loss—key alleged heads of loss were not established or were settled—therefore the summons for misfeasance is dismissed despite finding breaches.