HARBOUR FRONT LIMITED (suing on behalf of itself and all other shareholders in MONEY FACTS LIMITED (except the 1st defendant) and on behalf of itself and all other shareholders in FONFAIR COMPANY LIMITED (except the 1st defendant and the 3rd defendant) v LEUNG YUET KEUNG

Read the full judgment text of HCA 1143/2016 on BabelCite. This High Court CFI judgment was delivered on 29 December 2017.

1. The plaintiff, Harbour Front Ltd (“Harbour Front”), purports to bring two common law derivative actions on behalf of two companies in which it has shares, namely Money Facts Limited (“Money Facts”) and Fonfair Company Ltd (“Fonfair”), respectively named as D4 and D5 in this action.   This form of action has been described as a “mere matter of procedure in order to give a remedy for a wrong which would otherwise escape redress” [1] . The case, in reality, is brought against Leung Yuet Keung (D

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