Read the full judgment text of CACV 136/2017 on BabelCite. This Court of Appeal judgment was delivered on 21 November 2018.
1. This is the third time the disputes arising from a loan facility granted by Manchester Securities Corp [“MSC”] to Yifung Development Limited [“YDL”] have come before the Court of Appeal. Although neither MSC nor YDL are parties to the present action, the Plaintiffs [“YPL” and “WEG”] (they were the shareholders of YDL and mortgagors under the facility agreement, both of them solely owned and controlled by the main protagonist in these actions Mr Ricky Liu [“Liu”] through Able Mind Investments
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