LI KIN KEUNG v. PU MEI LEE, TERESA AND ANOTHER

LI KIN KEUNG v. PU MEI LEE, TERESA AND ANOTHER

Citation
[2019] HKCFI 1226
Parties
Plaintiff in HCA341 & Hca873; 1st Defendant in Pu's Counterclaim: Li Kin Keung; 1st Defendant in HCA341 (company Whose 30% Shares Are Disputed): Yat Fat Limited; 2nd Defendant in Hca341; Plaintiff (counterclaim) in Hca341; 1st Defendant in HCA873: Pu Mei Lee Teresa; 2nd Defendant in Counterclaim in Hca341; Co Defendant Represented With Li: King Wong Development Limited; 2nd Defendant in HCA873 (bvi Company Holding T&l Shares): General-Lite Group Corp
Court
Court of First Instance
Jurisdiction
Hong Kong
Judgment Date
15 May 2019
Case Number
HCA873/2013
Procedural Posture
Civil Company/share Ownership, Equitable Relief and Proprietary Dispute / Trial Judgment (court of First Instance Delivered Judgment)
Legal Topics
Specific Performance, Beneficial Ownership of Shares, Share Transfer, Forgery of Signatures, Handwriting Expert Evidence, Hearsay and Weight of Evidence, Costs and Counsel Certificate
Source Language
EN
Contract Company Law Equity Property Law Evidence Civil Procedure Specific Performance Beneficial Ownership of Shares +5 more

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Parties

Li Kin Keung

Plaintiff in HCA341 & Hca873; 1st Defendant in Pu's Counterclaim

Yat Fat Limited

1st Defendant in HCA341 (company Whose 30% Shares Are Disputed)

Pu Mei Lee Teresa

2nd Defendant in Hca341; Plaintiff (counterclaim) in Hca341; 1st Defendant in HCA873

King Wong Development Limited

2nd Defendant in Counterclaim in Hca341; Co Defendant Represented With Li

General-Lite Group Corp

2nd Defendant in HCA873 (bvi Company Holding T&l Shares)

Procedural Posture

Civil Company/share Ownership, Equitable Relief and Proprietary Dispute / Trial Judgment (court of First Instance Delivered Judgment)

Legal Issues

  1. 1 Whether an oral/written agreement required Li to transfer 50% of King Wong to Pu as a concurrent condition of the Yat Fat share sale
  2. 2 Whether specific performance of the Yat Fat share purchase agreement should be granted
  3. 3 Whether Li is the beneficial owner of the sole share in General-Lite and whether the 2009 exchange of a bearer share into a registered share in Pu's name is valid