Read the full judgment text of HCMP 991/2019 on BabelCite. This High Court CFI judgment was delivered on 3 September 2021.
1. This is the hearing of an Originating Summons taken out pursuant to section 732 of the Companies Ordinance, Cap. 622 (“ the Ordinance ”) for leave to bring a statutory derivative action in the name of D4 (“ the Company ”) against each of D1 to D3 (collectively “ Ds ”) for breach of fiduciary duties as directors in misappropriating the Company’s assets. The Plaintiff (“ Yuen ”) is a minority shareholder of the Company. In bringing the present application, Yuen has the support of 20 other m
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