Read the full judgment text of HCA 003425/2001 on BabelCite. This High Court CFI judgment was delivered on 7 April 2006.
1. This is an action brought by the Plaintiff for breach of trust in relation to all the shares of and in Wing Sang Shipping Co SA (the “2 nd Defendant), a Panamanian company, held by the 1 st Defendant. The principal asset of the 2 nd Defendant had been a fishing vessel known as Wing Sang 68 , which was re-registered as Golden Taurus and transferred to Tosei Marine Company SA (“Tosei Marine”) in mid 2004 after this litigation had begun.