In the matter of Ji Woo International Education Centre Pty Ltd

Ji Woo International Education Centre Pty Ltd was involved in a dispute brought by two former directors, Hwang and Lee. Hwang sought declarations that he remained a director and shareholder, and for rectification of the company's register. He argued that the registration of his cessation as a shareholder and director was irregularly procured. Lee claimed reimbursement for moneys he had invested in another company, IBN, and argued that Hwang had agreed to reimburse him in return for the transfer of his shares in IBN. Lee also claimed that Hwang had released or assigned any claim to the moneys invested. The court was required to determine whether Hwang had agreed to relinquish his interests in the company and whether Hwang had agreed to reimburse Lee for his investments.

The court found that Hwang had indeed agreed to relinquish all his interests in Ji Woo. It held that the registration of his cessation as a shareholder and director was not irregularly procured. As a result, Hwang's claim for declarations and rectification of the register was dismissed. The court also found that Hwang had not agreed to reimburse Lee for his investments in IBN. It held that Lee had agreed to assign or release all his rights to the moneys invested in IBN. Consequently, Lee's claim for reimbursement was also dismissed.

The court ordered Hwang to formally resign from his position as a director and to transfer his shares to the company. No orders were made regarding Lee's claims or any other matters.