4 May 2016
AXA CHINA REGION INSURANCE CO LTD v. LEONG FONG CHENG
- Citation
- AXA CHINA REGION INSURANCE CO LTD v. LEONG FONG CHENG
- Court
- Court of First Instance
- Case number
- HCA1516/2013
The court accepted the plaintiff's evidence that the New MTB was advanced, rejected the defendant's allegation of any waiver or collateral agreement because it was inconsistent with contemporaneous documents and recordings, and held that AXA validly terminated both the agent and manager contracts under their express terms; therefore the defendant was liable to repay 100% of the New Career Bonus (HK$997,500.00) and New Monthly Transition Bonus (HK$208,366.64) with contractual interest and to pay plaintiff's costs; the claim for Negative Payments was dismissed for lack of proved underlying tran…