13 Nov 2006
SMELOAN HONG KONG LTD v. WONG WING CHEUNG t/a HUNG WAN TRADING CO
- Citation
- SMELOAN HONG KONG LTD v. WONG WING CHEUNG t/a HUNG WAN TRADING CO
- Court
- Court of First Instance
- Case number
- HCA882/2003
On the facts the court found an oral agreement circa May 2002 by which the defendant took over the residual assets, staff, premises, sample cards and customers of Ho Yeung in consideration of forgiveness of an alleged HK$200,000 debt; the cumulative factors established a transfer within s.3(1) and the defendant is therefore liable for Ho Yeung's judgment debt of HK$731,114.25 and contractual/ judgment interest.