28 Mar 2022
LIAO ZHIQIANG AND OTHERS v. CHEUNG SIN LING, VICKKI AND OTHERS
- Citation
- [2022] HKCFI 892
- Court
- Court of First Instance
- Case number
- HCA1886/2013
The January 2017 settlement agreement is valid and binding on the parties; contractual estoppel and the parties’ own agreement fix the paid-up shareholdings; the chairman’s unilateral disqualification of votes at the 12 Sept 2013 general meeting and all resolutions stemming from that procedure (including appointment of Fan and Yang and subsequent forfeiture and call notices) were invalid; plaintiffs failed to prove misappropriation of RMB1.5m. The appropriate remedy is specific performance of the SA and declarations setting aside the impugned resolutions; defendants' counterclaim dismissed.