Read the full judgment text of HCA 1683/2009 on BabelCite. This High Court CFI judgment was delivered on 26 February 2013.
1. Mr Hung, the plaintiff in these proceedings (“ Hung ”), entered into an agreement on 18 July 2007, whereby he was to acquire the interests in a coal mine from a Mainland entity, Heilongjiang Northern Enterprises Group Co Ltd (“ Mine Seller ”), for RMB 140 million. The agreement was known as a Framework Agreement, and was entered into between the Mine Seller and Wealth Gain Global Investment Ltd (“ Wealth Gain ”), a BVI company beneficially owned by Hung and which he used as the vehicle for t
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