21 Oct 2020
LAU CHO KWAN, LEO AND ANOTHER v. CORNWALL AGENCY CO LTD
- Citation
- [2020] HKCFI 2681
- Court
- Court of First Instance
- Case number
- HCA617/2020
Court held that the Company must issue replacement share certificates in respect of the identified certificates once plaintiffs execute the deeds of indemnity in the form appended to the Company's letter and tender HK$5 per certificate; the Company was not entitled to require a bank or insurance guarantee in the circumstances of this private company with articles restricting transfers; plaintiffs failed to plead or prosecute a viable claim and must bear 60% of costs on a party and party basis to be assessed as a gross sum, with specified timetables for lodging and commenting on costs.