17 Nov 2023
OCI CAPITAL LTD v. LANHAI INTERNATIONAL TRADING LTD AND ANOTHER
- Citation
- [2023] HKCFI 2892
- Court
- Court of First Instance
- Case number
- HCA1499/2019
No binding oral agreement was proved to have been concluded on or around 30 April 2019. The negotiations were a package including both the Shares and the underlying Debt, key terms remained unresolved, contemporaneous records (emails/WeChat) and conduct pointed to intent rather than concluded contract, key witnesses who could confirm the crucial telephone conversation were not tested, and the Bought and Sold Notes were signed for commercial/internal reasons rather than as evidence of an existing binding contract; accordingly the Plaintiff's claim for specific performance or damages is dismiss…