Hong Kong Case Law: Decisions & Judgments

Topic

Interest claim

Legal area

Court

14 Jul 2000

YICK FUNG SHIPPING AND ENTERPRISES CO. LTD. v. NEW CENTRAL INTERNATIONAL (HOLDINGS) CO. LTD.

Citation

YICK FUNG SHIPPING AND ENTERPRISES CO. LTD. v. NEW CENTRAL INTERNATIONAL (HOLDINGS) CO. LTD.
Court

Court of First Instance
Case number

HCCL211/1999

Summary judgment was refused because late affidavits and the evidence disclosed sufficient unresolved factual disputes (including allegations of a collateral non‑enforcement agreement and uncertainty in key figures) to make the matter inappropriate for final determination on an Order 14 application; the court granted conditional leave to defend subject to payment into court and directed further consideration of the amount and directions on a subsequent date.
11 Aug 1993

PRILICIOUS INVESTMENT LIMITED AND ANOTHER v. PROFITCO COMPANY LIMITED AND OTHERS

Citation

PRILICIOUS INVESTMENT LIMITED AND ANOTHER v. PROFITCO COMPANY LIMITED AND OTHERS
Court

Court of First Instance
Case number

HCCW94/1993

The court accepted that a management charge deduction was reasonable but discounted $69,000 for the post-sale period, arriving at a company net value of $1,149,031.77 and a per-share price of $1,149.03; ordered the 2nd and 3rd respondents to purchase the 500 shares at $1,149.03 per share on the basis of petitioners' undertaking to waive loan repayments, refused the claim for interest, and granted payment until 30 November 1993 with each party to bear their own costs and the Official Receiver's costs to be borne by the company.
26 Jul 1988

RE AU-YANG LAM LAI MING, SABRINA

Citation

RE AU-YANG LAM LAI MING, SABRINA
Court

Court of First Instance
Case number

HCB297/1984

The Official Receiver was justified in rejecting the proof of debt because the administrator failed to prove that the deceased advanced the $6,000,000 or that Bylamson acted as the deceased's agent, the relied-upon document did not satisfy the statutory requirements for a promissory note, and the viva voce and documentary evidence were inconsistent and unreliable; appeal dismissed.

Hong Kong Case Law

YICK FUNG SHIPPING AND ENTERPRISES CO. LTD. v. NEW CENTRAL INTERNATIONAL (HOLDINGS) CO. LTD.

PRILICIOUS INVESTMENT LIMITED AND ANOTHER v. PROFITCO COMPANY LIMITED AND OTHERS

RE AU-YANG LAM LAI MING, SABRINA