Read the full judgment text of HCA 10036/1997 on BabelCite. This High Court CFI judgment was delivered on 21 January 2000.
1. In 1993, the Plaintiff and the Defendant entered into a joint venture to purchase a piece of vacant land in the New Territories, namely, Lot No. 365, 366 and 369 in Demarcation District 106, Kam Tin, New Territories ("the property"). The property was to be used for storage of vehicles and as a garage. Sunny Nation Ltd ("the company") was formed to purchase the property and the Plaintiff and the Defendant became the only 2 shareholders and directors of the company.