2 Feb 2026
JIANG SAIZHEN v. CHINA COME RIDE NEW ENERGY GROUP LTD AND ANOTHER
- Citation
- [2026] HKCFI 553
- Court
- Court of First Instance
- Case number
- HCA1627/2020
Article 101(2) of the defendant’s articles, properly construed, conferred actual authority on two directors to enter into transactions in the ordinary course of business; the Bond Certificate was executed by two directors and therefore bound the company, any internal Contracts Policy did not override the articles, the transaction was within the company’s ordinary course of business, and the plaintiff paid consideration (via the subsidiary on the company’s behalf) so the bond contract was valid and enforceable; accordingly the plaintiff’s claim succeeds.