Waddington Ltd v Chan Chun Hoo Thomas and Others
Waddington is a key Hong Kong authority on multiple derivative actions and the reflective-loss principle, confirming that multiple derivative proceedings remain available at common law while distinguishing shareholder loss from corporate loss.
Holding
Waddington is a key Hong Kong authority on multiple derivative actions and the reflective-loss principle, confirming that multiple derivative proceedings remain available at common law while distinguishing shareholder loss from corporate loss.
Issues
multiple derivative actionreflective lossbreach of fiduciary duty