Read the full judgment text of HCA 008177/1998 on BabelCite. This High Court CFI judgment was delivered on 24 November 1999.
1. The 1st plaintiff, Y.J.K. Company Limited ("YJK Japan"), is an insurance brokerage company incorporated in Japan in 1979. It is an agent of American International Underwriters ("AIU") in Japan. In 1980, it set up a subsidiary in Hong Kong, called "Y.J.K. (Far East) Company Limited" ("YJK Far East"), which is the 2nd plaintiff in this action. YJK Japan holds 499 of the 500 issued shares of YJK Far East, while the other remaining share was issued to the 1st defendant who held it on trust for YJ