17 Apr 2026
SUNG CHUN PIU v. BASIC ASSET MANAGEMENT LTD
- Citation
- [2026] HKDC 641
- Court
- District Court
- Case number
- DCCJ1523/2021
The court found on credibility and commercial common sense, supported by contemporaneous spreadsheets and payment patterns, that an oral contract (P's Agreement) existed obliging the defendant to pay the plaintiff 90% of net advisory fees; labeling payments as ‘bonus’ in internal documents did not alter contractual rights and the defendant's late change of case undermined its reliability.