Read the full judgment text of HCMP 305/2016 on BabelCite. This High Court CFI judgment was delivered on 22 February 2017.
1. On 5 February 2016 the applicant issued an originating summons for leave, pursuant to section 732(1) of the Companies Ordinance (Cap 622), to commence in the Company’s name a statutory derivative action against its sole director Ms Wat Fung Ying. In paragraph 4 of the originating summons the applicant sought what is a conventional costs order, namely, that the applicant’s costs of and incidental to the application and the derivative action be indemnified by the respondent, ie the Company, out
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