Read the full judgment text of HCA 12791/1999 on BabelCite. This High Court CFI judgment was delivered on 31 May 2001.
1. The 1st plaintiff, Lam, was the owner of 30 million shares of Easy Concepts International Holdings Limited (hereinafter called "Easy Concepts") of Stock Code 241 listed in the Stock Exchange of Hong Kong. He alleges that on or about 15 December 1998 he transferred the shares through his broker, the 2nd plaintiff, to the defendant pursuant to an oral agreement whereby he agreed to sell and the defendant agreed to buy the shares at $1 per share. Under the terms of that oral agreement, the defen
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