22 Jan 2021
SZETO WING HONG v. MAINTOWN INDUSTRIES LTD AND ANOTHER
- Citation
- [2021] HKCFI 179
- Court
- Court of First Instance
- Case number
- HCA1649/2018
D1 failed to prove mistake: no pleaded or evidential basis that P knew of or caused any mistake and one of D1’s directors (Wong) was not under the alleged mistake; the recital that beneficiaries paid capital contribution should be read as a statement of fact and operates as contractual estoppel against D1; the phrase 'Capital Contribution' denotes the beneficial ownership of D2 and supplies sufficient subject matter; nothing in D2’s articles or evidence prevented division or transfer of a 5% interest; clause (8) does not bar disclosure to a single beneficiary and, regardless, the court has su…