22 May 2019
TAO SOH NGUN (also known as LO TO LI KWAN or LO TO LEE KWAN) v. HSBC INTERNATIONAL TRUSTEE LTD
- Citation
- [2019] HKCFI 1268
- Court
- Court of First Instance
- Case number
- HCA355/2018
The court dismissed the plaintiff's claims: there was no admissible evidence of a binding common understanding or legitimate expectation that the trustee must follow the plaintiff's instructions; the Trust deed conferred absolute discretionary powers which could not be fettered; the trustee legitimately and genuinely took concentration risk into account when declining to purchase more GE shares and acted within its duties of prudence and impartiality; the plaintiff failed to prove a controlling shareholding, control premium or that KS posed a real threat; no real sensible possibility of confl…