Pacific Electric Wire & Cable Co Ltd v. Texan Management Ltd and Others

Read the full judgment text of HCCL 16/2009 on BabelCite. This HCCL judgment was delivered on 12 April 2012.

Cites 2 cases

Case No.HCCL 16/2009
Court
HCCL
Date12 Apr 2012
Judge
Case Document
100%Judiciary

HCCL 16/2009

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

COMMERCIAL ACTION NO. 16 OF 2009

(TRANSFERRED FROM HIGH COURT ACTION NO. 2203 OF 2004)

_____________

BETWEEN

  PACIFIC ELECTRIC WIRE & CABLE COMPANY LIMITED Plaintiff
and
  TEXAN MANAGEMENT LIMITED 1st Defendant
  CLIPPER INVESTMENT LIMITED 2nd Defendant
  (formerly known as PACIFIC CAPITAL (INVESTMENT) LIMITED)  
  PACIFIC CAPITAL (ASIA) LIMITED 3rd Defendant
  ALL DRAGON INTERNATIONAL LIMITED 4th Defendant
  PCL HOLDINGS LIMITED 5th Defendant
  (formerly known as PACIFIC CAPITAL (HOLDINGS) LIMITED  
  LAIDLAW PACIFIC FINANCIAL SERVICES (HOLDINGS) LIMITED 6th Defendant
  (formerly known as PACIFIC CAPITAL FINANCIAL SERVICES (HOLDINGS) LIMITED)  
  SUPER WISH LIMITED 7th Defendant
  HU HUNG CHIU(胡洪九) 8th Defendant
  WONG KUN TO(黃勤道) 9th Defendant
(discontinued)
  CHEUNG KWAN HUNG, ANTHONY(張鈞鴻) 10th Defendant
(discontinued)
  MA KAM FOOK, ROBERT(馬金福) 11th Defendant
  CHENG SHU WING(鄭樹榮) 12th Defendant
(discontinued)
  TUNG HSIU CHUN (仝秀君),
the person entitled to manage and administer the estate of Tung Yu Jeh (仝玉潔) (deceased) (By Order to carry on)
13th Defendant
  SUN TAO TSUN(孫道存) 14th Defendant
  PANG HONG(龐鴻) 15th Defendant
(discontinued)
_____________

HCCL 17/2009

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

COMMERCIAL ACTION NO. 17 OF 2009

(TRANSFERRED FROM HIGH COURT ACTION NO. 2746 OF 2004)

_____________

BETWEEN

  PACIFIC ELECTRIC WIRE & CABLE COMPANY LIMITED Plaintiff
and
  GOLD GLOBAL LIMITED 1st Defendant
  PCL NOMINEES LIMITED 2nd Defendant
  GREATEAM LIMITED 3rd Defendant
  HU HUNG CHIU(胡洪九) 4th Defendant
  CHUNG CHE LING(鍾子陵) 5th Defendant
  YIP CHI HUNG(葉稚雄) 6th Defendant
  TAM PUI NA, RAFIA(譚佩娜) 7th Defendant
(discontinued)
  HARMUTTY LIMITED 8th Defendant
_____________

HCCL 18/2009

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

COMMERCIAL ACTION NO. 18 OF 2009

(TRANSFERRED FROM HIGH COURT ACTION NO. 2763 OF 2004)

_____________

BETWEEN

  PACIFIC ELECTRIC WIRE & CABLE COMPANY LIMITED Plaintiff
and
  HARMUTTY LIMITED 1st Defendant
  HADDOWE LIMITED 2nd Defendant
  CASPARSON PROPERTIES LIMITED 3rd Defendant
  HU HUNG CHIU(胡洪九) 4th Defendant
  YIP CHI HUNG(葉稚雄) 5th Defendant
  CHUNG CHE LING(鍾子陵) 6th Defendant
  TUNG HSIU CHUN (仝秀君),
the person entitled to manage and administer the estate of Tung Yu Jeh (仝玉潔) (deceased) (By Order to carry on)
7th Defendant
  SUN TAO TSUN(孫道存) 8th Defendant
  TAM PUI NA, RAFIA(譚佩娜) 9th Defendant
(discontinued)
  WONG KUN TO(黃勤道) 10th Defendant
(discontinued)
  CHEUNG KWAN HUNG, ANTHONY(張鈞鴻) 11th Defendant
(discontinued)
  AFTERVILLE LIMITED 12th Defendant
  NEE SOON LIMITED 13th Defendant
  SHOWGROUND LIMITED 14th Defendant
  BERRIDALE DEVELOPMENTS LIMITED 15th Defendant
  JUTECH INVESTMENTS LIMITED 16th Defendant
  ALL DRAGON INTERNATIONAL LIMITED 17th Defendant
  BLINCO ENTERPRISES LIMITED 18th Defendant
  PATAGONIA LIMITED 19th Defendant
  MA KAM FOOK, ROBERT(馬金福) 20th Defendant
  HU SUN MAR LI(胡孫瑪琍) 21st Defendant
(discontinued)
  TOP SELECTION COMPANY LIMITED 22nd Defendant
_____________
  (Heard together)  

Before: Hon Reyes J in Court

Dates of Hearing: 1-3, 6-9, 13-17, 20-22 February 2012 and

12-14 March 2012

Date of Judgment: 12 April 2012

______________

CORRIGENDA

______________

Kindly note the following corrections in the Judgment of the above cases handed down by the Honourable Mr. Justice Reyes on 12th April, 2012:-

Page 27, paragraph 117, between the lines G & H, the reference to “(Wing Shing)” should read as “(Fong Wing Shing)”.

Page 31, paragraph 142, between the lines R & S, the reference to  “US$14,259,000 on behalf of Texan” should read as “US$14,259,000 on behalf of PPH”.

Page 35, paragraph 158, between the lines G & H, the date “1 January 1996” should read as “1 November 1996”.

Page 43, paragraph 195, line O, the reference to “51% interest” should read as “50% interest”.

Page 82, paragraph 361, between the lines B & C, the date “9 September 1995” should read as “9 November 1995”.

Page 83, paragraph 369, between the lines M & N; Page 87, paragraph 389, between the lines O & P; Page 88, paragraph 392, line H, the reference to “CPE” should read as “Trident Bank”.

Page 89, paragraph 395, between the lines B & C, the amount “$123 loan” should read as “$123m loan”.

Page 89, paragraph 396, between the lines E & F, the reference to “the alleged $80 bridging million” should read as “the alleged $80 million bridging loan”.

Page 99, paragraph 447, between the lines Q & R, the date “12 January and 29 November 1999” should read as “12 January 1999 and 29 November 1996”.

Page 107, paragraph 484, between the lines J & K, the reference to“transferred Blinco BVI to Patagonia on 1 February 1999” should read as “transferred Blinco BVI and Patagonia to Top Selection on 1 February 1999”.

Page 107, paragraph 485, line O, the reference to “Willi corrected himself” should read as “Hu corrected himself”

Page 109, paragraph 493, between the lines O & P, the reference to “Mrs Hu was appointed of PCHL” should read as “Mrs Hu was appointed director of PCHL”.

Page 128, paragraph 580, between the lines B & D, the reference to “CEF” should read as “PEWC”.

Dated this 8th day of June, 2012

(S.C. Cheung)(Miss)
Clerk to Hon Reyes, J