10 Feb 2021
TTI GLOBAL RESOURCES HONG KONG LTD v. HONGKONG MYPHONE TECHNOLOGY CO LTD AND OTHERS
- Citation
- [2021] HKCFI 306
- Court
- Court of First Instance
- Case number
- HCA1053/2019
Amendment of pleadings was allowed; the defendants failed to raise credible, believable evidence of bona fide purchaser for value or change of position when tested against the incontrovertible background; the currency matching arrangements were unlawful under Mainland law (accepting YR Law Firm opinion and rejecting Sincere Partners' narrow construction); accordingly summary judgment was entered for the plaintiff against the 2nd Defendant for USD 1,602,313.32 and against the 4th Defendant for USD 181,629.32 and USD 4,370.75, and the master’s dismissal was set aside.