20 May 2022
YBN REEVER AND OCEAN PARTNERS LTD v. UNIBIOCHEM INTERNATIONAL LTD AND OTHERS
- Citation
- [2022] HKCFI 1422
- Court
- Court of First Instance
- Case number
- HCA312/2017
The court found the Investment Agreement enforceable as an equity subscription with a Put Option (not a loan under the MLO), rejected the 2nd Defendant's alleged oral settlement and implied term arguments as not credible or inconsistent with contemporaneous documents and the contract's written variation clause, and therefore granted declarations and specific performance: defendants ordered to deliver the audited consolidated accounts for 2014 and 2015 within 28 days and to complete purchase of the 644 Put Option Shares within 28 days; costs awarded to the Plaintiff.