20 Mar 2018
HUNING IMPORT & EXPORT CO LTD v. HUNING LTD
- Citation
- [2018] HKCFI 611
- Court
- Court of First Instance
- Case number
- HCA1228/2014
On the balance of credible contemporaneous evidence and witnesses the court found that a concluded Verbal Agreement was reached at the June 8, 2008 meeting on terms including asset valuations, the one-fifth principle, share transfers and procedural steps; the post-agreement conduct (share transfers, resignations, HL's use of carparks) constituted part performance entitling the plaintiff to specific performance against the defendant siblings; conversely, on the debt claim the court found the inter-company liability reflected family bookkeeping and there was no intention of repayment at arms le…