Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Subsidiary liabilities
  • 5 Jan 2024

    ZHU BIN v. THOUSAND VANTAGE INVESTMENT LTD AND OTHERS

    Citation
    [2024] HKCFI 70
    Court
    Court of First Instance
    Case number
    HCMP1673/2023

    The application for an interlocutory injunction was dismissed because the plaintiff failed to demonstrate bad faith or breach of fiduciary duty by the board, failed to show a serious issue to be tried let alone a likelihood of success at trial, and there was no evidential foundation that SH Jianchen would contribute or that the board's failure to commission a liquidation analysis amounted to a breach; accordingly the court would not interfere with bona fide management decisions; costs ordered nisi against the plaintiff.