Read the full judgment text of DCCJ 1702/2019 on BabelCite. This District Court judgment was delivered on 18 November 2022.
1. This case concerns the non-transfer of 20% of shares of a company (the “Shares”) named clingko Limited (the “Company”) by the Defendant to the Plaintiff. The Plaintiff claims that the Defendant had acted in repudiatory breach of their agreement by failing to transfer the Shares to him, which was accepted by the Plaintiff in terminating the agreement. The Plaintiff asked for damages in the amount of HK$1 million, representing the amount he invested in the Company.
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