6 Mar 2026
CAIDAO CAPITAL LTD v. HARMEN CHRISTIAAN OVERDIJK AND OTHERS
- Citation
- [2026] HKCFI 1326
- Court
- Court of First Instance
- Case number
- HCA2912/2017
The court found on the evidence that the Employment Agreements were validly varied to an 80/20 revenue split effective 1 January 2016; the monthly HK$100,000 payments were wages/advances on account of TFRS and could not be treated as forfeited; there was no consensus that TFRS entitlement was conditional on passing an independent audit; the Complyport/Somer exercise did not constitute an independent audit such that its adverse findings could negate TFRS entitlements; accordingly CCL’s claims seeking repayment of monthly payments and assorted loss claims were dismissed; AIC was entitled to HK$…