8 Dec 2017
CHINA ALARM HOLDINGS ACQUISITION LLC AND ANOTHER v. ING ALEXANDER YIM LEUNG (also known as ING YIM LEUNG, ALEXANDER) AND OTHERS
- Citation
- CHINA ALARM HOLDINGS ACQUISITION LLC AND ANOTHER v. ING ALEXANDER YIM LEUNG (also known as ING YIM LEUNG, ALEXANDER) AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV98/2016
The Court refused to overturn the trial judge's factual findings and inferences absent palpable error; the judge permissibly found payments to 'special consultants' were used as a conduit for bribery rendering specified warranties and representations false and fraudulent; Mr Wells was induced by the standard warranties because advisers would have drawn them to his attention; plaintiffs could not with reasonable diligence have discovered the fraud within the limitation period; and the framework agreement's US$20.5m surrender did not reduce the plaintiffs' claims which the liquidators applied t…