GRADE ONE LTD AND OTHERS V. CHOW CHIN YUI, ANGELA AND OTHERS

[2025] HKCA 1051 Court of Appeal 25 November 2025 • CACV371/2022 • 40 min read

18 cases cited (0 SG, 18 foreign)

Practice Areas

Judges (3)

Counsel (6)

Cedric & Co Firm Wellington Legal LLP Firm Charles Sussex Counsel Plaintiff Lau Ka Kin Counsel Defendant Laurence Li Counsel Defendant Sharon Yuen Counsel Plaintiff

Parties (8)

Cachet Asset Management Limited Defendant Cachet Multi Strategy Fund Spc Defendant Grade One Limited Plaintiff High Point Properties Limited Defendant Surplus Gain Global Limited Plaintiff Chan Sai On, Bill Defendant Chow Chin Yui, Angela Defendant Lau Wang Chi, Barry Plaintiff

Summary

Appeal by Grade One Ltd and others against Angela Chow and others in a commercial dispute involving investment fund management. The case concerned allegations relating to loan arrangements and fund operations involving Cachet Asset Management and related entities. The appeal involved complex commercial issues including the US$3 million loan to Net Effect and Haitong Loan arrangements.

Statutes Cited

Rules of the High Court (Cap 4A)

Cases Cited (18)

UK (8)

[1930] AC 298 [1954] 1 WLR 1489 [1969] 1 QB 258 [1982] 1 WLR 1123 [2004] EWCA Civ 676 [2010] 1 WLR 2491 [2020] AC 450 [2021] EWCA Civ 240

HK (10)

[2013] 2 HKC 259 [2014] 5 HKC 504 [2018] HKCA 404 [2019] HKCA 777 [2020] HKCA 1089 [2021] HKCA 1047 [2022] HKCA 1522 [2022] HKCFI 2328 [2024] 3 HKLRD 118 [2024] HKCFI 49

Judgment

Read the full judgment on the official Hong Kong Courts portal.

Read on HKLII

Source: HKLII ([2025] HKCA 1051)