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Eugene Kwok of Prince’s Chambers acted for the respondents in Re Lucky Legend Industries Limited; Re Vintage Wine Cellar Limited [2021] HKCFI 2004, a decision which serves as a reminder to all practitioners of the need to take a little bit of extra care when instituting shareholder proceedings.  Largely due to technical and procedural problems, the unfair prejudice petition in this case was dismissed at its first return date hearing.  The court refused the petitioner’s applications to try and remedy those problems, instead directing that the dismissal of the petition be without prejudice to the petitioner instituting fresh proceedings in respect of the same subject matter – i.e. “please try again”. 

A copy of the decision can be found at https://lnkd.in/ef9pA4C