6 Aug 1999
KONG SUN ENGINEERING & CONSTRUCTION CO. LTD. v. LAM PONG SIU CALVIN
- Citation
- KONG SUN ENGINEERING & CONSTRUCTION CO. LTD. v. LAM PONG SIU CALVIN
- Court
- Court of First Instance
- Case number
- HCA5272/1998
The appeal was dismissed because the Defendant's signed audit confirmation and directors' report constituted clear admissions of an indebtedness of HK$980,000; the Defendant's alternative explanations (bonus/dividend, accounting treatment, lack of attention) were inherently implausible and shifted repeatedly, and there was no live counterclaim capable of set-off; consequently summary judgment was correctly entered and should be affirmed.