12 May 2009
ROBERT YIP v. WING FAI CONSTRUCTION CO LTD (IN LIQUIDATION)
- Citation
- ROBERT YIP v. WING FAI CONSTRUCTION CO LTD (IN LIQUIDATION)
- Court
- Court of Final Appeal
- Case number
- FACV24/2008
Payments were not loans within s.157H where they were made to meet or reimburse company expenditure; however, because the appellant failed to prove he expended more than $450,000, he was liable to refund the unexpended balance of company funds (resulting in judgment for $1.25 million plus interest).