22 Feb 2024
MODERN GALA (MODELS) LTD v. TSE TSANG YAO AND OTHERS
- Citation
- [2024] HKCFI 514
- Court
- Court of First Instance
- Case number
- HCA1320/2015
Defendants failed to prove that payments to the Shenzhen factory were loans repayable by the plaintiff or that a quasi-partnership existed; the court found the 1st defendant liable to account for and pay HK$4,650,000 (and liable in equity/damages for related sums and LIP loss), the 2nd defendant liable for HK$750,000 and the 3rd defendant liable for HK$2,300,000; the 1st defendant's counterclaim was dismissed; claims on problematic transactions and removal of documents were not proved.