Read the full judgment text of DCCJ 2650/2011 on BabelCite. This District Court judgment was delivered on 16 May 2014.
1. In this case, the plaintiff paid HK$120,000 to the defendant in late September 2010. The plaintiff said that it was for the fee to obtain credit facilities called Equity Line of Credit (the “ELC”) for the purpose of resuming trading of shares of a company called PAQ International Holdings Ltd (“PAQ”) at the Alternative Investment Market (the “AIM”) in London (the “Relisting Project”). PAQ was a company incorporated in Cayman Islands and listed at the AIM. Trading of PAQ’s shares was suspende
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