3 Sept 2021
YUEN WAI YEE v. LI KWOK HUNG AND OTHERS
- Citation
- [2021] HKCFI 2543
- Court
- Court of First Instance
- Case number
- HCMP991/2019
Recorder found that on the face of the application there are serious issues to be tried and, given the disputed circumstances surrounding the 7 September 2020 EGM (including chaotic conduct and a substantial number of uncast votes and connected-party votes), the shareholders' resolution could not reliably show it was not in the company's interest to pursue the claims; accordingly leave to bring the derivative action was granted and an indemnity of costs up to and including close of pleadings was ordered as fair protection for the plaintiff, with defendants to pay costs of the originating summ…