6 Sept 2013
TSE KWONG CHUNG v. HO HUNG KIT
- Citation
- TSE KWONG CHUNG v. HO HUNG KIT
- Court
- Court of First Instance
- Case number
- HCA2233/2006
On the balance of probabilities the court found that Tse was not an employee of Wing Yip but had entered into a joint venture with Ho using Wing Yip as the corporate vehicle; Tse and Ho were equal partners sharing 50% of net profits; the four lump sum payments of $1.7M were distributions of Tse's profit share not loans; Ho must account for all income, expenses and profits of the joint venture (including post-17 July 2006 Western Corridor orders and the Clinic Project) and pay sums found due to Tse after credit for those distributions.