31 May 2012
ADP PENTAGON PETS LTD v. PETS CENTRAL ASIA INC.
- Citation
- ADP PENTAGON PETS LTD v. PETS CENTRAL ASIA INC.
- Court
- Court of First Instance
- Case number
- HCA1381/2009
The court found that the plaintiff was never a shareholder of the 1st defendant because the purported share certificates, register entries and retrospective resolutions were not genuine or effective; the defendants breached the Joint Venture Agreement by failing to provide the agreed share allotment and other consideration, entitling the plaintiff to damages which the court quantified at HK$7,099,113.71; defendants' counterclaims were dismissed.