24 Mar 2016
CHINA ALARM HOLDINGS ACQUISITION LLC AND ANOTHER v. ING ALEXANDER YIM LEUNG AND OTHERS
- Citation
- CHINA ALARM HOLDINGS ACQUISITION LLC AND ANOTHER v. ING ALEXANDER YIM LEUNG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA503/2012
Court held that key representations (the compensation clause, the use‑of‑proceeds clauses and warranties in clauses 8.1(1), 9.1(4), 9.1(9) and 13.1) were false and fraudulent because defendant intended and procured CAHL to use part of investors’ funds to pay substantial sums via a related services agreement to entities he controlled to remunerate 'special consultants' who were used to lavishly entertain and improperly secure preferential treatment from PRC officials; those nondisclosures and fraudulent representations induced plaintiffs to invest and limitation did not bar the claim because t…