2 Aug 2013
YIU YAN CHE AND OTHERS v. YIU HO MING, HERMES AND OTHERS
- Citation
- YIU YAN CHE AND OTHERS v. YIU HO MING, HERMES AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV261/2012
Clause 5 of the 4th Schedule, objectively construed in light of the factual matrix and the parties' knowledge that KK was in liquidation, included Group B's interests, rights and claims to the proceeds of KK (including the Sum) and therefore Group B was contractually bound to procure the KK shareholders to execute the Settlement Contract; the Bank's demand that shareholders execute the Settlement Contract (including indemnity protection) was not shown to be unlawful under Thai law and was commercially reasonable; accordingly the appeal was dismissed and Group B liable for the commercial inter…