Read the full judgment text of HCA 003759/2000 on BabelCite. This High Court CFI judgment was delivered on 19 November 2001.
1. In December 1996, the plaintiff subscribed for shares in a BVI incorporated company called China Health Enterprises Limited (China Health) paying $3m for 1% of the shareholding. This was at the behest of the defendant who was looking for investment capital on behalf of China Health and its subsidiaries with the prospect of procuring a listing on the NASDAQ exchange. It is the plaintiff's case that a condition of his investment or, alternatively, in a collateral contract with the defendant it