Monday 11 April 2022

Hong Kong: the statutory derivative action and charitable companies

Earlier this month, judgment was given by the Court of Appeal in Chung v Soka Gakkai International of Hong Kong Ltd [2022] HKCA 480. The decision is an important one because the court has confirmed that a member of a charitable company has standing to bring a statutory derivative claim under sections 732 and 733 of the Companies Ordinance (Cap 622).

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