New light shed on remedies for protection of shareholders' interests in Ge Qingfu v L&A International Holdings Limited
1 min read
Under section 729 of the Companies Ordinance (Cap 622), where a director of a company is found to have breached his fiduciary duties towards the company, the Court of First Instance has the powers to grant relief to individual members to redress the harm that has been done to their personal legal rights. The recent decision of Ge Qingfu v L&A International Holdings Ltd [2018] HKCFI 2742 illustrates the application of s729 and also sheds new light on the Court’s power to award damages under this provision.
This client briefing includes the background of the dispute and analyses the case.
