Our firm has acted for a majority shareholder of a Hong Kong company (a holding company of electronic and medical device subsidiaries in the PRC) in successfully defending a Petition for just and equitable winding up presented by the other minority shareholders of the company (the “Petition”).

Various legal arguments including the threshold to establish that a company was operating on the basis of a quasi-partnership, the issue of deadlock and the impact of an irrational refusal of a reasonable offer were considered during the trial. A submission of no case to answer was made on behalf of our client after the cross examination of the Petitioners on the ground that the Petitioners’ claims has no prospect of success even without taking into account our client’s evidence. Despite that it is relatively rare and more challenging to make a submission of no case in civil proceedings, we are pleased that the submission was subsequently accepted by the Court and the Petition has been dismissed accordingly with much less time and costs being incurred.

Our team is led by our partner Mr. Tommy Tam and assisted by our partner Mr. Sidney Ho, our associate Mr. Alan So, and our trainee solicitor Ms. Chloe Fan.