12 Jun 2017
KWAI TAK MING v. K.S. CAPITAL ONE LTD AND OTHERS
- Citation
- KWAI TAK MING v. K.S. CAPITAL ONE LTD AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV132/2016
On the evidence the agreements were part of a composite arrangement in the nature of a secured one-year bridging loan with an integral buy-back element; the defendants represented that structure but intended to treat the documents as an outright sale, such misrepresentations induced the plaintiff to sign, so the agreements were rescinded and the purchaser's counterclaim for specific performance failed.