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

Case No.HCCL 16/2009

Court

HCCL

Date12 Apr 2012

Judge—

Case Document

100%

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	1^st Defendant
	CLIPPER INVESTMENT LIMITED	2^nd Defendant
	(formerly known as PACIFIC CAPITAL (INVESTMENT) LIMITED)
	PACIFIC CAPITAL (ASIA) LIMITED	3^rd Defendant
	ALL DRAGON INTERNATIONAL LIMITED	4^th Defendant
	PCL HOLDINGS LIMITED	5^th Defendant
	(formerly known as PACIFIC CAPITAL (HOLDINGS) LIMITED
	LAIDLAW PACIFIC FINANCIAL SERVICES (HOLDINGS) LIMITED	6^th Defendant
	(formerly known as PACIFIC CAPITAL FINANCIAL SERVICES (HOLDINGS) LIMITED)
	SUPER WISH LIMITED	7^th Defendant
	HU HUNG CHIU（胡洪九）	8^th Defendant
	WONG KUN TO（黃勤道）	9^th Defendant (discontinued)
	CHEUNG KWAN HUNG, ANTHONY（張鈞鴻）	10^th Defendant (discontinued)
	MA KAM FOOK, ROBERT（馬金福）	11^th Defendant
	CHENG SHU WING（鄭樹榮）	12^th 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)	13^th Defendant
	SUN TAO TSUN（孫道存）	14^th Defendant
	PANG HONG（龐鴻）	15^th 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	1^st Defendant
	PCL NOMINEES LIMITED	2^nd Defendant
	GREATEAM LIMITED	3^rd Defendant
	HU HUNG CHIU（胡洪九）	4^th Defendant
	CHUNG CHE LING（鍾子陵）	5^th Defendant
	YIP CHI HUNG（葉稚雄）	6^th Defendant
	TAM PUI NA, RAFIA（譚佩娜）	7^th Defendant (discontinued)
	HARMUTTY LIMITED	8^th 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	1^st Defendant
	HADDOWE LIMITED	2^nd Defendant
	CASPARSON PROPERTIES LIMITED	3^rd Defendant
	HU HUNG CHIU（胡洪九）	4^th Defendant
	YIP CHI HUNG（葉稚雄）	5^th Defendant
	CHUNG CHE LING（鍾子陵）	6^th 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)	7^th Defendant
	SUN TAO TSUN（孫道存）	8^th Defendant
	TAM PUI NA, RAFIA（譚佩娜）	9^th Defendant (discontinued)
	WONG KUN TO（黃勤道）	10^th Defendant (discontinued)
	CHEUNG KWAN HUNG, ANTHONY（張鈞鴻）	11^th Defendant (discontinued)
	AFTERVILLE LIMITED	12^th Defendant
	NEE SOON LIMITED	13^th Defendant
	SHOWGROUND LIMITED	14^th Defendant
	BERRIDALE DEVELOPMENTS LIMITED	15^th Defendant
	JUTECH INVESTMENTS LIMITED	16^th Defendant
	ALL DRAGON INTERNATIONAL LIMITED	17^th Defendant
	BLINCO ENTERPRISES LIMITED	18^th Defendant
	PATAGONIA LIMITED	19^th Defendant
	MA KAM FOOK, ROBERT（馬金福）	20^th Defendant
	HU SUN MAR LI（胡孫瑪琍）	21^st Defendant (discontinued)
	TOP SELECTION COMPANY LIMITED	22^nd 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

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CORRIGENDA

______________

Kindly note the following corrections in the Judgment of the above cases handed down by the Honourable Mr. Justice Reyes on 12^th 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 8^th day of June, 2012