18 May 2021
ASIA-PAC INFRASTRUCTURE DEVELOPMENT LTD AND OTHERS v.SHEARMAN & STERLING (a firm) AND OTHERS
- Citation
- [2021] HKCFI 1380
- Court
- Court of First Instance
- Case number
- HCA806/2006
The court held each Deed of Assignment champertous and void because the claimed commercial interests were not genuine or pre-existing: the July 2009 transactions creating shareholdings and debt assignments were unexplained, likely engineered to evade security for costs, lacked evidence of payment or valuation, and therefore constituted assignments of a bare right to litigate contrary to public policy.