12 Dec 2022
CHEUNG YUK KWAN v. NG YAT MAN, KENNETH
- Citation
- [2022] HKDC 1453
- Court
- District Court
- Case number
- DCCJ6673/2019
The signed Cooperation Agreement of 16 January 2017 constituted a binding contract; on true construction it obliged the defendant to cause the plaintiff to be made a 50% shareholder and to be added as a joint authorized signatory; an implied term prevented the defendant from withdrawing company funds for non‑company purposes prior to adding the plaintiff as joint signatory; the defendant breached those obligations and must be ordered to allot and register shares, add the plaintiff as signatory and repay HK$78,493, with costs; the plaintiff was permitted to amend pleadings and the quantum tria…