RICH REGION HOLDINGS LIMITED (a company incorporated in the British Virgin Islands) v CONCEPT PIONEER LIMITED(a company incorporated in the British Virgin Islands)

Read the full judgment text of HCA 1811/2023 on BabelCite. This High Court CFI judgment was delivered on 2 August 2024.

1. This is the substantive hearing of two sets of proceedings, HCMP 1764 and HCA 1811, which have been initiated by Rich Region and Concept Pioneer as Plaintiffs. Although its history is convoluted, this case is essentially about the struggle for control over Gold Brilliant. Control of Gold Brilliant is regarded as valuable because of the company’s residual rights to the surplus proceeds or profits of an MTR development project in Ho Man Tin. Those profits may be worth between $500 million and $

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