28 Apr 2023
Ren v. Eastern Platinum Limited
In the case of Ren v. Eastern Platinum Limited, dated April 28, 2023, Ms. Ren sought leave to commence a derivative action against former president and directors of Eastern Platinum Limited. The court determined that pursuing a claim against only the former president, Diana Hu, would be in the best interests of Eastern Platinum. Ms. Ren was given the option to proceed with this claim. The court denied leave for the proposed derivative action but allowed Ms. Ren to submit a new draft notice of civil claim focusing on allegations against Diana Hu. Three issues were raised: adequacy of the proposed notice, retroactive leave to commence the action, and the representation of Ms. Ren by her current lawyers. The court decided that pleading and limitation matters should be addressed in the derivative proceeding itself, not in this proceeding. Retroactive leave was denied, and the decision on Ms. Ren's legal representation was postponed pending further evidence and argument. No amount of financial award and costs were specified in the case.