5 Sept 2017
WAH NAM GROUP LTD v. RODERICK JOHN SUTTON AND ANOTHER
- Citation
- WAH NAM GROUP LTD v. RODERICK JOHN SUTTON AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA960/2015
The court held that the consent order was made pursuant to s200(5) not s205 and therefore did not operate as a statutory release of the former liquidators; the Sanction Decision sanctioning the settlement did not preclude separate claims for misappropriation/negligence not resolved by that sanction; HCA960/2015 was struck out because the pleaded loss was merely reflective (company’s loss reflected in shareholder diminution) and thus plainly unsustainable, whereas HCA962/2015 pleaded direct company causes of action (misappropriation of shareholdings) and could not be struck out; limitation, no…