24 Oct 1985
MAN YEE(a firm) AND OTHERS v. CHI TAO ENTERPRISES CO LTD t/a KAM TAO RESTAURANT
- Citation
- MAN YEE(a firm) AND OTHERS v. CHI TAO ENTERPRISES CO LTD t/a KAM TAO RESTAURANT
- Court
- Court of First Instance
- Case number
- HCA1123/1985
Considering the transactions as a whole the court found an assignment of Perennial's goodwill and a continuity of business: same premises, similar business/customer base, use of Perennial's licence and the sham nature of the fixtures sale. Therefore the transactions amounted to a transfer of business within s.3(1) of Cap.49 and the defendants are liable for the transferor's debts.