31 Jul 2006
WONG WAI KEUNG AND ANOTHER v. YING SHUDE AND OTHERS
- Citation
- WONG WAI KEUNG AND ANOTHER v. YING SHUDE AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP1209/2003
The court held that the 2nd Agreement superseded the 1st Agreement and that clause 3 fixed the payment deadline at six months from the SPC approval dated 15 July 2002 (thus due by 15 January 2003); the 1st Defendants repudiated the 2nd Agreement by failing to pay HK$10,000,000 and RMB100,000, entitling the Plaintiffs to re-transfer of the 3rd Defendant's shares (re-transferred on 16 January 2003); the Final Agreement did not take immediate effect but obliged the parties to negotiate final terms by solicitors and the 1st Defendants repudiated that settlement by refusing to negotiate/execute th…