29 Jan 2015
LIM YI SHENN v. WONG YUEN YEE AND OTHERS
- Citation
- LIM YI SHENN v. WONG YUEN YEE AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1323/2010
The plaintiff's claim was dismissed because the GVM was a forward‑looking business plan with disclaimers and, given the plaintiff's sophistication and the placing letter, he was not entitled to rely on it as actionable representations; no evidence supported the alleged contractual terms or that defendants agreed to hold HK$10,000,000 on a specific purpose trust; directors had not assumed personal contractual liability; plaintiff's evidence was inconsistent and inherently improbable; accordingly dismissal with costs was ordered.