Read the full judgment text of HCA 379/2019 on BabelCite. This High Court CFI judgment was delivered on 9 November 2020.
1. These proceedings are in the form of a statutory derivative action. They were commenced by Lau Wing Yan (“Lau”) for and in the name of the plaintiff company (“PBI”). Though I shall continue to refer to the plaintiff as “PBI”, I do not lose sight of the fact that these are derivative proceedings commenced by Lau. The proceedings are brought against Chu Kong (“Chu”) and Kwong Hon Keung, Gerry (“Kwong”) and Smart City Investment Ltd (“Smart City”) (Chu and Smart City together, “Defendants”).
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