Court considered requirements for leave to bring a statutory derivative action under s.732 of the Companies Ordinance in Hong Kong.
Company and Insolvency
HK Court of Final Appeal considered constructive trust principles applicable to property purchased in joint names in the context of company and insolvency disputes.
A director's knowledge is attributable to the company for the purposes of tax assessment, affecting limitation periods under Hong Kong revenue law.
Unfair prejudice under s.724 Companies Ordinance (Cap 622) applied in a family company dispute, widely cited on scope of remedy available to minority shareholders.
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