6 May 2002
LUI YUK LUNG v. PAU SIU KEUNG
- Citation
- LUI YUK LUNG v. PAU SIU KEUNG
- Court
- Court of First Instance
- Case number
- HCA16391/1998
On the parties' conduct and contemporaneous documents the court found the joint venture profit sharing was 40% to Pau and 30% each to Lui and Law; the HK$3,000,000 was an advance/loan repayable before profit distribution; Pau was not entitled to a salary prior to profit assessment; Lui's single company share was held as nominee for Pau; and an independent accounting is required to fix sums due.