17 Oct 2003
ELECTRONIC SPIDER TECHNOLOGY LTD & ANOTHER v. AU CHEONG TAT & OTHERS
- Citation
- ELECTRONIC SPIDER TECHNOLOGY LTD & ANOTHER v. AU CHEONG TAT & OTHERS
- Court
- District Court
- Case number
- DCCJ17323/2000
Resignations by the 1st and 2nd defendants were accepted immediately by the company's representatives, negating claims for wages in lieu; the 1st and 2nd defendants were entitled to pro rata 13th month pay; the disputed payments were repayments of genuine loans properly recorded and disclosed, so no loss flowed from those repayments; and the misrepresentation claim failed because plaintiffs did not reasonably rely on or investigate the alleged assurances and had access to the auditor and accounts.