Lau, Yuet Kan
Agricultural Bank of China v Lau Yuet Wah & others
HK Court of First Instance, 15-May-2012
ABC tries to recover US$62m in an alleged letter-of-credit fraud. "Although neither the 1st nor the 2nd defendant was subject to criminal prosecution, it is the plaintiff’s case that this was not because the 1st and 2nd defendants are innocent. According to the plaintiff, CCB took the view that the criminal proceedings should take place in Mainland China whereas the relevant Mainland authorities decided not to prosecute on the ground of difficulties in securing witnesses and documents in Hong Kong."
HK Court of First Instance, 15-May-2012
ABC tries to recover US$62m in an alleged letter-of-credit fraud. "Although neither the 1st nor the 2nd defendant was subject to criminal prosecution, it is the plaintiff’s case that this was not because the 1st and 2nd defendants are innocent. According to the plaintiff, CCB took the view that the criminal proceedings should take place in Mainland China whereas the relevant Mainland authorities decided not to prosecute on the ground of difficulties in securing witnesses and documents in Hong Kong."
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