20 Jul 2007
AMERICAN ORIENT CAPITAL PARTNERS LTD v. GENERAL ENTERPRISE MANAGEMENT SERVICES LTD
- Citation
- AMERICAN ORIENT CAPITAL PARTNERS LTD v. GENERAL ENTERPRISE MANAGEMENT SERVICES LTD
- Court
- Court of Appeal
- Case number
- CACV175/2006
On the whole of the evidence, including contemporaneous correspondence and the Defendant's 2003 inquiry of AIG, the Court of Appeal upheld the trial judge's finding that an oral agreement was concluded for payment of a 2% placement fee for assistance in securing AIG's US$25,000,000 investment and that the Plaintiff performed by actively assisting (including written submissions to AIG); appellate deference to the trial judge's factual findings was warranted.