March 1 2011
START DATE
END DATE
April 1 2011
NG PUI LUNG v. CY FOUNDATION GROUP LIMITED and LUCK CONTINENT LIMITED
COURT:
LAW:
JUDGE(S):
CLAIMANT'S LAWYER:
DEFENDANT'S LAWYER:
The Supreme Court of Bermuda Civil Jurisdiction Commercial Court
COMMERCIAL COURT
KAWALEY J
Paul Smith (Conyers Dill & Pearman)
Cameron Hill (Sedgwick Chudleigh) Victor Lyon Q.C. (Attride-Stirling & Woloniecki)
FACTS OF THE CASE:
Dispute over the timing and proceedings of an Annual General Meeting (AGM) for CY Foundation Group Limited involving nominations for director positions and compliance with Hong Kong Stock Exchange regulations.
SUMMARY:
Whether the AGM could proceed without adhering to the '10-day rule' for considering new director nominations under Hong Kong Stock Exchange Listing Rules.
OUTCOMES:
Refusal to extend the AGM timing ruling against the 1st Defendant for not proceeding in good faith
RULED IN FAVOUR OF:
2nd Defendant
PLAINTIFF/CLAIMANT
DEFENDANT:
DURATION (DAYS):
ISSUES:
RELEVANCE:
RULING:
RULING TYPE:
CASES CITED:
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