27 Jan 2004
PROSPERFIELD VENTURES LTD v. TRIPOLE TRADING LTD AND OTHERS
- Citation
- PROSPERFIELD VENTURES LTD v. TRIPOLE TRADING LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA5370/1993
The judge found on the balance of probabilities that no oral agreement of 18 March 1993 existed; Ding Peng and Zheng Lie Lie unlawfully procured and implemented transfers (11 and 17 June 1993) that divested the plaintiff companies of beneficial interests; consequently those June agreements were voidable and must be rescinded, with declarations, accounts and damages ordered; Ng Hiu Nam and Deng Liu Gen were innocent participants and their claims were dismissed; the court refused to order return of shares or broad injunctions affecting PRC regulatory reallocations because of practical limits an…