25 Jun 2021
LEE CHI HANG AND OTHERS v. WELL DONE GARMENT FACTORY LTD AND ANOTHER
- Citation
- [2021] HKCFI 1835
- Court
- Court of First Instance
- Case number
- HCA464/2013
On the evidence the 1996 allotment was validly approved with the signed short‑notice consent and minutes; WC possessed capacity and the 2001 transfers were executed with knowledge and assent of WWC and WSL as part of an interlocking Scheme, therefore transfers are not vitiated; the disputed cash originated from WC's Macau account gifted to WYW and sums passed through WWC were held (in part) on trust for WYW and an unaccounted balance remains; accordingly plaintiffs' claims to set aside allotment/transfers and to recover the deposits fail except that New Co must account as trustee for diverted…