Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Deeds and formalities
  • 23 Sept 2024

    RE BRITE ADVISORY GROUP LTD

    Citation
    [2024] HKCFI 2574
    Court
    Court of First Instance
    Case number
    HCCW80/2024

    The company failed to demonstrate a genuine dispute on substantial grounds. Contemporaneous evidence and conduct justified inferring Mr Donnelly had authority to bind the company; the purported wider IVCM Deal was irrelevant to liability under the Loan Agreement; the Loan Agreement was enforceable as a contract notwithstanding lack of deed formalities; Hong Kong had jurisdiction. Accordingly the petition succeeded and a winding up order was warranted.