21 Aug 2008
LEE CHEE LUNG v. QI YAXUAN AND ANOTHER
- Citation
- LEE CHEE LUNG v. QI YAXUAN AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1808/2006
The plaintiff proved on the balance of probabilities that the parties entered the Undertaking obliging each defendant to pay RMB15,000,000 with a first instalment of RMB3,000,000, that the defendants breached by failing to pay, and that clause 7 therefore entitles the plaintiff to the unconditional re-assignment of the 4,000 shares from each defendant; the counterclaim was dismissed for lack of evidence and because the relief sought belonged to the company, not the defendants.