28 Nov 2022
CHOW KAM HUNG v. WONG KIU, person appointed to represent the estate of NG WAI KWONG, Deceased AND ANOTHER
- Citation
- [2022] HKDC 1368
- Court
- District Court
- Case number
- DCCJ5127/2019
The court held that the ironmongery/stainless steel partnership was dissolved on 15 October 2004; there was no proved agreement that the HK$300,000 capital bore interest; no binding oral settlement agreement on accounts was proved; the plaintiff’s claim for an account (and Hoi Kong’s counterclaim) was time‑barred under the Limitation Ordinance; the oral promise did include rental income as part of 'net profits' but the claim based on that promise was time‑barred; the oral promise was supported by consideration (plaintiff stayed in the business) but limitation defeated recovery.