12 Jun 2023
LAU CHUI FEI AND ANOTHER v. AU CHI HOE ADMUND AND ANOTHER
- Citation
- [2023] HKCFI 1468
- Court
- Court of First Instance
- Case number
- HCA847/2019
Court found on the balance of probabilities that Lau and Fung entered profit-sharing ventures with the 1st Defendant (not loans and not beneficial ownership/ trust against the legal owner Father), that the HK$13,440,000 under the Compensation Agreement formed part of the consideration for sale of 5A and therefore fell within the profit-sharing arrangement, and that neither statutory nor common law illegality/public policy barred recovery; judgment entered against 1st Defendant for specified sums and claim against 2nd Defendant dismissed.