Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Bought and sold notes

Legal area

Court

3 Apr 2025

RE YUEN HOI PO

Citation

[2025] HKCFI 1454
Court

Court of First Instance
Case number

HCB5988/2024

The Debtor adduced sufficiently credible and particularized evidence that the transaction was a stock lending exercise rather than an outright sale, creating a real and substantial dispute of fact about the existence and nature of the indebtedness; consequently the summary bankruptcy procedure was unsuitable and the petition could not stand.
25 Mar 1997

SHIEH SHIN JIU v. MAK SHIU KEI, JOHNNY and Another

Citation

SHIEH SHIN JIU v. MAK SHIU KEI, JOHNNY and Another
Court

Court of First Instance
Case number

HCA9096/1991

The court found on the evidence, including witness testimony and forensic examination of copies, that the instruments of transfer and bought and sold notes were signed by the Defendants showing consideration of $1 per share; consequently the transfers were binding and the Plaintiff was entitled to the relief sought, so the counterclaim was dismissed.