Lam & Co. 林炳昌律師事務所

Simsen Capital Finance Ltd v Jiang Quanlong, Chairman of China Rare Earth (0769) and Pan Asia Environmental Protection (0556)Loan announcement
HK Court of First Instance, 16-Mar-2017
The defence case involves a tale of Macau gambling debts and the people behind Imperial Pacific (1076). The original loan was announced by Simsen (now Huarong International Financial Holdings Ltd) on 27-Jun-2014, but it did not disclose the borrower. The plaintiff's application for summary judgment in the amount of HK$212m is dismissed. The court rules that there is a triable issue as to whether the loan is enforcable.
Penta Investment Advisers Ltd v Allied Weli Development Ltd
HK Court of Appeal, 11-Dec-2015
Penta Investment Advisers Ltd v Allied Weli Development Ltd
HK Court of Appeal, 18-Aug-2015
Penta Investment Advisers Ltd v Allied Weli Development Ltd
HK Court of First Instance, 14-Oct-2014
Penta successfully sues a BVI company at the centre of what we call the "Chung Nam Network" over a guarantee of a profit from a subscription of shares in Mascotte (0136) which followed a heavy loss on an earlier subscription in Freeman (0279). The claimed quantum is HK$211m. After a restructuring, Allied Weli is now a 100% subsidiary of HEC Capital Ltd.
Wong Kiam Seng v Andrew Lam & Co
HK Court of First Instance, 21-Nov-2003

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