8 Nov 2004
YIP KAM WAH v. MESSRS. CHAN CHEE CHENG & CO
- Citation
- YIP KAM WAH v. MESSRS. CHAN CHEE CHENG & CO
- Court
- District Court
- Case number
- DCCJ6024/2002
The Defendant held the Plaintiff's payments as stakeholder pending incorporation and released the funds to a third party without the Plaintiff's consent or knowledge; the Defendant's evidence was rejected as not credible, therefore the Defendant is liable to repay HK$150,000 with interest and costs.
- Stakeholder duties
- Pre-incorporation subscription
- Deposit and money had and received
- Credibility of witnesses
- Interest and costs