Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Placement/top-up placing
  • 7 Sept 2016

    LIM YI SHENN v. WONG YUEN YEE AND OTHERS

    Citation
    LIM YI SHENN v. WONG YUEN YEE AND OTHERS
    Court
    Court of Appeal
    Case number
    CACV55/2015

    The Court dismissed the appeal: the Group Valuation Materials were, on the evidence, projections and business plans with disclaimers and not actionable statements of existing fact; the plaintiff failed to prove he relied on any proven false factual statements or that defendants represented there would be other independent investors; the trust claim for HK$10 million and the alleged contractual terms were not established; primary findings of credibility by the trial judge were not shown to be plainly wrong, so the dismissal of the plaintiff's claims was upheld.