12 Dec 2006
YIP KWAI CHOR v. KING FUNG CONTRUCTION WORK CO LTD AND ANOTHER
- Citation
- YIP KWAI CHOR v. KING FUNG CONTRUCTION WORK CO LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP375/2005
The court found that on the balance of probabilities Lau had misapplied Company funds in several specific series of cheque withdrawals, had wrongfully diverted the West Kowloon subcontract to Brother Eng. in which he had an interest, that the back-to-back site-transfer arrangement resulted in an established claim by the Company against Sing Yip for $3,247,828 but that the Company\'s claimed excess expenditure on the two sites became nil after disallowance of unreliable items; the five payments of $2.5m to Yip were not proven to be recoverable loans; the appointment of Wong and the purported r…