Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Shareholder contribution
  • 5 Dec 2003

    CHEUNG LIN TAI AND OTHERS v. SUN POWER INTERNATIONAL INVESTMENT LTD

    Citation
    CHEUNG LIN TAI AND OTHERS v. SUN POWER INTERNATIONAL INVESTMENT LTD
    Court
    District Court
    Case number
    DCCJ436/2002

    Defendant breached the car hire agreements by failing to pay contractual rental and produced no reliable evidence of a binding agreement by the 1st and 2nd Plaintiffs to forgo rental or to be called for shareholder contributions; accordingly Defendant must pay the agreed rental to the 1st and 2nd Plaintiffs and is liable to the 3rd Plaintiff for damages for the Defendant's wrongful use between 19 June 1996 and 13 September 1996, and the Defendant's counterclaim for contributions and repairs is dismissed.