14 Mar 2008
PINE ENTERPRISES LTD v. CYBER STRATEGY LTD AND ANOTHER
- Citation
- PINE ENTERPRISES LTD v. CYBER STRATEGY LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1221/2006
Court found Pine proved performance including that Edward Woo waived director's loans in excess of HK$53,547,843; facts established that CIDST had not occupied the Campus prior to 12 April 2003 and the Campus was mortgageable under PRC law; defendants failed to prove false representations or material non-disclosures entitling rescission; on construction of clause 5.2 and surrounding commercial context the 510,002 UR shares held by the custodian constitute security (equitable charge) for the repurchase price and convertible note; judgment entered for Plaintiff for the stated sums and declarati…