4 May 2021
DING SHU JU v. CHU SAI KEUNG
- Citation
- [2021] HKCA 626
- Court
- Court of Appeal
- Case number
- CACV185/2016
The appeal is allowed and the trial judgment set aside because the trial judge failed to consider clause III of the contemporaneous Restructuring Agreement — a clause that, on its proper construction, arguably imposed an obligation on the investors to share company liabilities according to share proportions. That omission materially affected key factual and legal conclusions (characterisation of transfers and running account). Other grounds (partnership argument and PRC judgment binding) failed because parties conducted as direct shareholders and the PRC judgment issue was not pleaded or prov…