Category

Shareholders’ Rights

Category

In brief Whilst the Court is, in general, slow to interfere with the internal management of a company, it is empowered to grant the appropriate remedies in certain circumstances including declaratory and injunctive reliefs under the common law and the Companies Ordinance (CO). A recent case has demonstrated that the Court is not hesitant to exercise such power in order to safeguard shareholders’ rights and scrutinize directors’ conduct. In this case, the Court held that…