11 Nov 2022
TAI TONY CHAK LEUNG v. KE JUNXIANG
- Citation
- [2022] HKCFI 3420
- Court
- Court of First Instance
- Case number
- HCA2651/2018
On the balance of probabilities the Court found the advance was an investment agreement with a guaranteed minimum profit as evidenced by contemporaneous WeChat messages, the drafted and signed Declaration & Undertaking and parties' conduct; the D&U was not a sham; the defendant's loan defence was inherently improbable and not credible; accordingly the defendant breached the investment agreement and is liable to pay the outstanding sum of HK$33,880,074 plus interest and costs.