28 Apr 2017
LIN REN XIANG v. GOLD GLORY HOLDINGS LTD AND ANOTHER
- Citation
- LIN REN XIANG v. GOLD GLORY HOLDINGS LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP557/2014
On the facts the court found: (a) Hui did not prove a binding promise or proprietary estoppel and the Declaration was not credible; Lin remained legal owner of the Property; licence was terminable at will; (b) the HK$1,000,000 payment was a loan repayable on demand and judgment for repayment with interest was ordered; (c) Hui’s conduct in relation to Charter Port did not establish breach of fiduciary duty sufficient for summary liability; many withdrawals were legitimate or attributable to agreed director’s remuneration of HK$208,000 p.a. from 2007/08; (d) the Registered Shareholders’ Resolut…