12 Aug 2022
GRADE ONE LTD AND OTHERS v. CHOW CHIN YUI, ANGELA AND OTHERS
- Citation
- [2022] HKCFI 2328
- Court
- Court of First Instance
- Case number
- HCA494/2021
The court found plaintiffs' misrepresentation defences (non-enforcement promises, Fund Performance, US$10M/Fund IV commitments) not credible or insufficiently particularised and dismissed the application to admit further evidence; summary judgment was entered for CMS on its counterclaim under the Supplemental Deed and for CAM on the Facility Agreement to the extent relating to the Henter Loan. However, because an arguable triable issue existed as to whether the Cachet Loan under the Share Pledge involved unlicensed moneylending and could taint the Facility Agreement, plaintiffs were granted u…