9 Mar 2011
CHUNG MEI INDUSTRIES LTD v. SO KWOK KEUNG
- Citation
- CHUNG MEI INDUSTRIES LTD v. SO KWOK KEUNG
- Court
- Court of First Instance
- Case number
- HCA2604/2005
The written employment agreement unambiguously limited 'Net Profit' to the audited profit of Chung Mei Industries Limited; expert accounting evidence demonstrated that the audited result was below the contractual thresholds despite a qualified audit opinion, therefore the defendant was contractually liable to repay the advance commission of HK$2,925,000.