Dadra Inc.
Chan Ping Che v Gunter Gao
HK Court of Appeal, 15-Dec-2014
The Court of Appeal grants a stay of the judgment below, allowing Mr Gao to defend the case of the $270m bounced cheques if he pays HK$30m into court within 14 days. "it seems to us that absent a stay, it would be open to the plaintiff to seek to enforce it and that this would have serious consequences for the defendant, including possible bankruptcy". Mr Gao is a member of the CPPCC National Committee and the HKSAR Election Committee.
HK Court of Appeal, 15-Dec-2014
The Court of Appeal grants a stay of the judgment below, allowing Mr Gao to defend the case of the $270m bounced cheques if he pays HK$30m into court within 14 days. "it seems to us that absent a stay, it would be open to the plaintiff to seek to enforce it and that this would have serious consequences for the defendant, including possible bankruptcy". Mr Gao is a member of the CPPCC National Committee and the HKSAR Election Committee.
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