Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Transfer of licences

  • 23 Apr 2012

    LAI YU SAN AND OTHERS v. WONG KWAN KIT

    Citation
    LAI YU SAN AND OTHERS v. WONG KWAN KIT
    Court
    District Court
    Case number
    DCCJ3360/2010

    Clause 8 did not bind the defendant to perform the Hongkong Electric agreement because the obligations under that agreement were not disclosed to or agreed by the defendant; only obligation under clause 8 was to retain the two electricity metres. The rental deposit cheque issued at handover was not supported by consideration because the purchaser had already paid the purchase price and the deposit was part of company assets; plaintiffs' claims fail. Defendant entitled to reimbursement of apportioned rental and electricity charges and ordered assistance in transferring the restaurant licence;…

  • 24 Jul 2008

    RE HONG KONG CSL LTD

    Citation
    RE HONG KONG CSL LTD
    Court
    Court of First Instance
    Case number
    HCMP1181/2008

    The court sanctioned the reduction of capital because the petitioner demonstrated solvency, a cash reserve exceeding adjusted current liabilities by a safety margin (10.89% > customary 10%), provided binding undertakings to apply HK$1,128,099,000 to discharge adjusted current liabilities with agreed adjustments, and undertook to transfer the three Mobile Carrier Licences to CSL; the statutory and procedural requirements (advertising, directions) were complied with.