Read the full judgment text of HCA 2081/2013 on BabelCite. This High Court CFI judgment was delivered on 13 June 2014.
1. This application for summary judgment is based on a loan of HK$40 million made by the plaintiff to a mainland businessman by the name of Zhao Tuanjie, who is the principal shareholder of the 1 st defendant, a company incorporated in Vanuatu, which itself is the major shareholder of the 2 nd defendant, a company incorporated in the Cayman Islands. Zhao Tuanjie is the ultimate beneficiary of these shareholdings and controls both companies. These are undisputed facts.
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