2 Feb 2004
RE MONEY FACTS LTD
- Citation
- RE MONEY FACTS LTD
- Court
- Court of First Instance
- Case number
- HCCW880/2001
Although Money Facts and Fonfair exhibited attributes of a quasi‑partnership, the petitioner Harbour Front was properly denied equitable relief because (1) there was a real and unresolved risk that the transfers to Harbour Front were vulnerable to attack under bankruptcy law and that the undischarged bankrupt (YT Leung) would indirectly control management (s156 concern), and (2) Harbour Front had engaged in conduct (including obstructing enforcement of Fonfair's rent claims and inconsistent positions) amounting to unclean hands and defeat of the fundamental purposes of the shareholders' arran…