Read the full judgment text of HCA 97/2013 on BabelCite. This High Court CFI judgment was delivered on 18 July 2017.
1. The Plaintiff (“P”) claims against the defendant (“D”) for repayment of a loan of one million Hong Kong Dollars. D admits receipt of the money, but argues that the money was not a loan from P, but was in fact pre‑payment of 50% of the profit of a joint venture between Wong Shu Wai (“Wong”), the 2 nd defendant in the Counterclaim being a director and shareholder of P and D. Wong and D agreed to use P as their agent for the joint venture. [1] In the Counterclaim, D also claims against P as th
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