Judicial materials

Cases

Selected cases on derivative actions, unfair prejudice, schemes, directors’ duties, attribution, reflective loss, and shareholder governance.

13 Total records
4 Foundational
2 Core
7 Current

Derivative action Foundational 2008

Waddington Ltd v Chan Chun Hoo Thomas

[2008] HKEC 1498; FACV 15/2007

A leading Hong Kong authority on multiple derivative actions, useful for understanding how shareholder litigation can proceed where wrongs are done down a corporate chain.

Derivative ActionsMinority RemediesPersonality
Unfair prejudice Foundational 2004

Re Chime Corporation Ltd

(2004) 7 HKCFAR 546

Court of Final Appeal authority on unfair prejudice and the relationship between personal shareholder relief, corporate relief, and winding-up style remedies.

Minority RemediesDerivative ActionsShareholders
Scheme of arrangement Foundational 2009

Re PCCW Ltd

[2009] HKCA 178; [2009] 3 HKC 292

A leading privatization and scheme case on vote manipulation, share splitting, and the court’s role at scheme sanction.

TakeoversListed CompaniesMinority Remedies
Directors’ fiduciary duties Foundational 2016

Cheng Wai Tao v Poon Ka Man Jason

(2016) 19 HKCFAR 144

Court of Final Appeal decision on directors’ no-conflict duty and the relevance of the company’s scope of business when assessing alleged diversion of opportunity.

DirectorsPersonality
Unfair prejudice and valuation Core 2022

Dennis Kwok Hon Ming v Poon Sui Cheong Albert

[2022] 25 HKCFAR 1; related CA proceedings

A modern shareholder-remedies dispute illustrating unfair prejudice, buy-out relief, valuation, and appellate control of company litigation.

Minority RemediesShareholders
Reflective loss Current 2023

Power Securities Co Ltd v Sin Kwok Lam

[2023] HKCA 594

Court of Appeal authority on reflective loss and the boundary between company claims and shareholder claims after recent UK developments.

Derivative ActionsMinority RemediesPersonality
Shareholder requisition and directors’ conduct Current 2025

Lui Yau Tak v Melofield Nursery and Landscape Contractor Ltd

[2025] HKCFI 1037; [2025] 3 HKC 721

Recent first-instance decision on shareholder requisition tactics and directors’ conduct when minority shareholders attempt to trigger governance mechanisms.

ShareholdersDirectorsMinority Remedies
Statutory derivative action Current 2024

Chen Pei Xiong v Convoy Global Holdings Ltd and Another

[2024] HKCFI 1568

Recent authority on statutory derivative actions, standing, and the procedural difficulty of multiple derivative litigation involving overseas group companies.

Derivative ActionsMinority RemediesPersonality
Scheme of arrangement Current 2025

Re Sino-Ocean Land (Hong Kong) Ltd

[2025] HKCFI 1270

Companies Court decision sanctioning a Hong Kong scheme as part of a cross-border restructuring, important for debt schemes and the Rule in Gibbs problem.

TakeoversWinding UpListed Companies
Shareholder requisition and fiduciary duties Current 2025

Liu Qiuhua v Xiang Xin and Others

[2025] HKCFI 1048

Recent listed-company governance decision on directors’ attempts to postpone requisitioned meetings and the proper-purpose limits on board power.

ShareholdersDirectorsListed Companies
Oppression, arbitration, and winding up Current 2025

PI 1 and PI 2 v MR

[2025] HKCFI 1110

Decision on the arbitrability of shareholder oppression and loss-of-confidence disputes where the requested relief is connected to winding-up proceedings.

Minority RemediesShareholdersWinding Up
Insolvency and directors’ liability Current 2025

Target Insurance Company Ltd v Nerico Brothers Ltd

[2025] HKCA 1024

Court of Appeal decision imposing personal costs liability on a director who caused an insolvent company to pursue an unarguable winding-up appeal.

DirectorsWinding Up