Jurisdiction of the Hong Kong Courts re winding up and unfair prejudice petitions — are offshore companies safe? - .PDF file.
Hong Kong law contains a number of provisions designed to protect the interests of minority shareholders, including the “unfair prejudice” remedies under section 168A of the Companies Ordinance and the Ordinance’s “just and equitable” winding-up provisions. These protections can, in some cases, also be invoked by shareholders of non-Hong Kong companies. However, as the Hong Kong Court’s recent judgment in Re Yung Kee Holdings Limited demonstrates, a minority shareholder of a non-Hong Kong company would be wise to proceed cautiously before seeking to avail itself of these provisions.
Click on the link above to download this Latham & Watkins briefing.