6 Sept 2013
WING YIP DEVELOPMENT (HONG KONG) COMPANY LTD v. TSE KWONG CHUNG
- Citation
- WING YIP DEVELOPMENT (HONG KONG) COMPANY LTD v. TSE KWONG CHUNG<br>
- Court
- Court of First Instance
- Case number
- HCA1507/2006
The court found on the balance of probabilities that no contract of employment existed between Wing Yip and Tse; instead Ho and Tse entered an agreement as equal partners using Wing Yip as the corporate vehicle to undertake projects introduced by Tse and to share profits 50:50; the four lump sum payments totalling HKD 1,700,000 were interim distributions of Tse’s profit share not loans; consequentially the plaintiff's claim (HCA 1507/2006) was dismissed and the defendant/plaintiff in HCA 2233/2006 was entitled to an account of all income, expenses and profits of the joint venture (including p…