15 Aug 2006
西安民生集團股份有限公司 AND ANOTHER v. LO KAM WING AND OTHERS
- Citation
- 西安民生集團股份有限公司 AND ANOTHER v. LO KAM WING AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA2183/2001
Defendants failed to prove on the balance of probabilities that the payment was part of an oral joint venture; the plaintiffs proved an advance of HK$38.76 million was made to D5 as a loan but the precise contractual terms in KY001 and KY002 were not proved and are unreliable; therefore plaintiffs are entitled to restitution of HK$28,260,000 with interest; counterclaims dismissed and specified defendants held liable.