Read the full judgment text of HCA 5945/1997 on BabelCite. This High Court CFI judgment was delivered on 19 March 2001.
1. The plaintiff and the defendant are both Hong Kong companies, carrying on business as freight forwarders. The defendant is the subsidiary of a Swiss company, Cargocare AG. Originally, the plaintiff acted as the Hong Kong agent of Cargocare AG. They had a profit-sharing agreement. In the late 1980s, the defendant company was set up in Hong Kong and was in effect substituted for its Swiss parent in the relationship with the plaintiff.