Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

S.168a buy-out

  • 7 Feb 2014

    LU JUN v. YU QI AND OTHERS

    Citation
    LU JUN v. YU QI AND OTHERS
    Court
    Court of Appeal
    Case number
    CACV37/2013

    The Court of Appeal upheld the recorder's findings that Mr Lu was the beneficial owner of the 15% shareholding, that Madam Yu's sequence of conduct (assignment of loans to Potala, threats/demands, imposition of unexpected liabilities, sale of Shanghai Hanglong on deferred terms, and diversion of a JV dividend) amounted to unfairly prejudicial conduct justifying a s.168A buy‑out. The proper valuation is on a going‑concern basis as at the date of the petition, without a minority shareholding discount, on the assumptions that allegations against Mr Lu are not made out, unfair prejudice is establ…

  • 25 Jan 2008

    SHE WAI HUNG v. JULIANO LIM AND OTHERS

    Citation
    SHE WAI HUNG v. JULIANO LIM AND OTHERS
    Court
    Court of First Instance
    Case number
    HCMP86/2008

    Because the appellant conceded that the Respondent's Notice was not a cross-appeal and no evidence of significant prejudice was shown, the court applied the lower threshold for respondent's notices to affirm and granted an extension of time to serve the Respondent's Notice, subject to time limits (serve within 7 days and lodge within 2 days).