Read the full judgment text of HCA 006641/2000 on BabelCite. This High Court CFI judgment was delivered on 22 July 2003.
1. The 1st defendant has at all material times been a director and the chairman of the 2nd defendant. In 1992, the plaintiff sold his shares in Eco Swiss China Time Limited ("ESCT") to the 2nd defendant whereupon ESCT became a wholly owned subsidiary of the 2nd defendant and the plaintiff became a director of the 2nd defendant. The terms of the sale were set out in, inter alia , a Memorandum of Agreement dated 19 September 1992 made between the plaintiff and the 1st defendant ("the Agreement").