8 May 2007
SILVER STONE DEVELOPMENT LTD AND ANOTHER v. LAU KWONG CHING, JAMES AND OTHERS
- Citation
- SILVER STONE DEVELOPMENT LTD AND ANOTHER v. LAU KWONG CHING, JAMES AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV251/2006
The Court held that the 2nd defendant's instructions to the broker and the subsequent account-switching and transfers constituted conversion of both share certificates (first on 11 September 1997 and the second effectively on 12 September 1997); plaintiffs did not consent and there was no valid authority; the CCASS/chose-in-action argument failed on the evidence and timing; the trial award (net of settlement) was upheld and the appeal dismissed.