Read the full judgment text of HCCW 49/2006 on BabelCite. This High Court CFI judgment was delivered on 21 December 2007.
1. In 1957, Mr Tsang Hon Kong (“Tsang Senior”) and Mr Yeung Tung Shing (“Yeung Senior) formed a partnership with Tsang Senior’s brother, Mr Tsang Man Kong (“MK Tsang”) and a Mr Mou Wah (“Mou”), with a view to carrying on a trading business. Each of them held a 25% interest in the partnership. Not long afterwards, the partnership began trading. The business upon which they embarked was the manufacture and sale of inflatable products, such as rubber and plastic inflatable swimming rings, other
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