Read the full judgment text of HCA 1710/2011 on BabelCite. This High Court CFI judgment was delivered on 24 December 2014.
1. The present action was commenced by the plaintiffs (“ Ps ”) 3 years ago and concerned the validity of a resolution passed by the directors of the 4 th defendant (“ D4 ”) suspending Ps’ duties as executive directors and directors of D4 and its group of companies. The defendants (collectively “ Ds ”) counterclaimed against Ps for, among other things, damages for breach of fiduciary duties and for breach of contract, and, in particular, an account of the whereabouts of a sum of RMB 150m (“ Fund
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