Better, being a resident of Hong Kong who has managed to corner the police and the doj in a fight against each other, and may the best team win, I guess I am more qualified to sing the praises of the Hong Kong justice system than most residents of Hong Kong, as one who expended and fully intends to recover the equivalent of a spanking new price of a luxury SUV or in the contest of an alleged US$ 90 traffic incident.
In my opinion and based on the facts as presented to date, would say no one has a case against the CEO, because the said sum of HKD 50M was paid to the CEO for purchase of his legitimate interest in a company and as the sale / purchase had a standard non-compete provision for two years in which he may be asked to advice from time to time. Based on the facts presented to date he never advised, but remained faithful to no-compete.
HK, being freedom island, does not charge tax on capital gains for any undertaking including sale of corporate interest, and Kowloon, being liberty peninsula, does not charge income tax on off-shore rendered services, especially if to off-shore entities.
The buyer was an Australian company, and by my reckoning is off shore to Hong Kong. What do you think? |
