17 Jun 2014
GRAND FIELD GROUP HOLDINGS LTD v. CHU KING FAI AND OTHERS
- Citation
- GRAND FIELD GROUP HOLDINGS LTD v. CHU KING FAI AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA771/2009
Claims dismissed: plaintiff failed to prove bribery or that Yuan Cheng was unlawfully incorporated or that the HK$50m remittance was wrongful; contemporaneous documents and credible testimony (notably 3rd and 7th defendants) established lawful board authorisation and bona fide commercial purposes; serious allegations lacked cogent evidence and relied on hearsay; s358 relief not applicable to defendants in these circumstances; therefore no breach of fiduciary duty established.