LAU SIU KEUNG VINCENT v. JOHN MING SHUN VINCENT AND OTHERS

LAU SIU KEUNG VINCENT v. JOHN MING SHUN VINCENT AND OTHERS

On construction the Acquisition Agreement conveyed a 45% interest in the business and assets of the pet shop, not company shares; there was no misrepresentation, mistake or total failure of consideration; the plaintiff voluntarily admitted misconduct and voluntarily signed the Termination Letter and the...

Source-derived case information.

Citation
LAU SIU KEUNG VINCENT v. JOHN MING SHUN VINCENT AND OTHERS
Parties
Plaintiff: LAU SIU KEUNG VINCENT; 1st Defendant: JOHN MING SHUN VINCENT; 2nd Defendant: SUN WAI CHU SHIRLEY; 3rd Defendant: KAN PIK YAN; 4th Defendant: TAM HIU FU; 5th Defendant: ERIC FUNG; 6th Defendant: MING KI INTERNATIONAL DEVELOPMENT LIMITED
Court
District Court
Jurisdiction
Hong Kong
Judgment Date
2 September 2015
Case Number
DCCJ1288/2012
Procedural Posture
Civil Action (district Court) / Judgment (trial)
Outcome
Plaintiff's claim dismissed; counterclaim allowed in part
Legal Topics
Misrepresentation, Mistake, Failure of Consideration, Duress, Undue Influence, Conspiracy to Defraud, False Imprisonment, Settlement/compromise, Enforcement of Debt, Costs
Source Language
en
Contract Law Tort Equity Civil Procedure Commercial Law Misrepresentation Mistake Failure of Consideration +7 more

Source-derived case record

Summary, issues, holding and outcome

More case intelligence is available

Unlock the full research layer for this judgment.

Downloadable case file Legal principles 4 Authorities cited 3 Party arguments 2 Amounts and remedies 4
Sign in to unlock

Parties

LAU SIU KEUNG VINCENT

Plaintiff

JOHN MING SHUN VINCENT

1st Defendant

SUN WAI CHU SHIRLEY

2nd Defendant

KAN PIK YAN

3rd Defendant

TAM HIU FU

4th Defendant

ERIC FUNG

5th Defendant

MING KI INTERNATIONAL DEVELOPMENT LIMITED

6th Defendant

Procedural Posture

Civil Action (district Court) / Judgment (trial)

  1. 1 Whether the Acquisition Agreement involved transfer of shares or transfer of business interest/assets
  2. 2 Whether plaintiff was induced by misrepresentation or entered into the Acquisition Agreement by mistake
  3. 3 Whether there was total failure of consideration for the Acquisition Agreement

Ratio Decidendi

On construction the Acquisition Agreement conveyed a 45% interest in the business and assets of the pet shop, not company shares; there was no misrepresentation, mistake or total failure of consideration; the plaintiff voluntarily admitted misconduct and voluntarily signed the Termination Letter and the Acknowledgment of Debt not under duress or undue influence; the Acknowledgment of Debt is a valid and enforceable settlement and the defendants' counterclaim for HK$550,000 succeeds; costs follow the event.

Court Disposition

Plaintiff's claim dismissed; counterclaim allowed in part

Orders

  • Counterclaim awarded: plaintiff to pay HKD 550000 to the defendants pursuant to the Acknowledgment of Debt
  • Costs ordered to defendants with Certificate for Counsel (costs nisi to be varied only on application within 14 days)