Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Shareholder derivative action

Legal area

Court

4 Sept 2020

CHINACULTURE.COM LTD (suing on behalf of itself and all other shareholders in CNT GROUP LTD, except Prime Surplus Limited) v. LAM TING BALL, PAUL AND OTHERS

Citation

[2020] HKCFI 2305
Court

Court of First Instance
Case number

HCA2902/2017

The court exercised its case management discretion to fix the matters on which corporate finance opinion evidence may be adduced, rejected the plaintiff's proposed amendments as without merit (including the re-introduction of an earlier rejected issue), and made specific directions and timetable for exchange of reports and preparation of a joint statement; costs of the case management conference and related submissions ordered to be costs in the cause.
11 Nov 1975

SO KWAN NANE AND OTHERS v. KOWLOON STOCK EXCHANGE LTD AND OTHERS

Citation

SO KWAN NANE AND OTHERS v. KOWLOON STOCK EXCHANGE LTD AND OTHERS
Court

Court of First Instance
Case number

HCA1018/1975

The court held that the statement of claim disclosed triable issues on whether the loan and the share purchase were ultra vires or authorised investments and whether the plaintiffs or the company were the proper plaintiffs, and therefore refused to strike out the claim except for limited deletions of claims properly vested in the Company; these matters require full trial to resolve.