29 Oct 2009
BEATRICE TSANG SAU HING AND ANOTHER v. YEUNG MAN LOONG MAXLY AND OTHERS
- Citation
- BEATRICE TSANG SAU HING AND ANOTHER v. YEUNG MAN LOONG MAXLY AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV23/2009
The Court held that the provisional liquidators acted in a manner that gave the petitioners reasonable grounds to lose confidence and to perceive bias (by ceasing company operations without consultation, channeling funds through Yeung Senior, and permitting Long Summer to charge a 5% commission, including retrospective application) and that the judge properly exercised his discretion to remove them because removal was justified in the interests of the liquidation.