16 Mar 2015
ALLIED SUCCESS CREATION LTD v. CHEUNG HON KUEN ALSO KNOWN AS MICHAEL CHEUNG AND OTHERS
- Citation
- ALLIED SUCCESS CREATION LTD v. CHEUNG HON KUEN ALSO KNOWN AS MICHAEL CHEUNG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA451/2010
The court found on credibility that Tse made fraudulent positive representations and concealed the secured tenancy and the defendants' interest in the purchaser; Keyfortune breached fiduciary duties; Cheung and Tse dishonestly assisted and, with Join Forces, obtained secret profits which Join Forces (and the principals behind it) must account for; damages measured as difference between sale price and market value with the tenancy (HK$8,400,000); Yeung held to be a nominee and not dishonest; counterclaim for commission rejected.