-----BEGIN PRIVACY-ENHANCED MESSAGE-----
Proc-Type: 2001,MIC-CLEAR
Originator-Name: webmaster@www.sec.gov
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MIC-Info: RSA-MD5,RSA,
 Ip/Z8A4G1eztIeeP8ikwEX6kbUhFKxo6L8h+6jZppCZY3IkTO0OCOutJjCtZIrbL
 Cjo/rAfi82KmyB1w2BI40Q==

<SEC-DOCUMENT>0000950142-05-000002.txt : 20050103
<SEC-HEADER>0000950142-05-000002.hdr.sgml : 20041231
<ACCEPTANCE-DATETIME>20050103122551
ACCESSION NUMBER:		0000950142-05-000002
CONFORMED SUBMISSION TYPE:	4
PUBLIC DOCUMENT COUNT:		1
CONFORMED PERIOD OF REPORT:	20041229
FILED AS OF DATE:		20050103
DATE AS OF CHANGE:		20050103

REPORTING-OWNER:	

	OWNER DATA:	
		COMPANY CONFORMED NAME:			CHEUNG KONG HOLDINGS LTD
		CENTRAL INDEX KEY:			0001164004
		FISCAL YEAR END:			1231

	FILING VALUES:
		FORM TYPE:		4
		SEC ACT:		1934 Act
		SEC FILE NUMBER:	000-25331
		FILM NUMBER:		05501172

	BUSINESS ADDRESS:	
		STREET 1:		8TH FLOOR CHEUNG KONG CENTER
		STREET 2:		2 QUEENS ROAD CENTRAL
		CITY:			HONG KONG CHINA
		STATE:			F5
		ZIP:			00000
		BUSINESS PHONE:		85221288888

ISSUER:		

	COMPANY DATA:	
		COMPANY CONFORMED NAME:			CRITICAL PATH INC
		CENTRAL INDEX KEY:			0001060801
		STANDARD INDUSTRIAL CLASSIFICATION:	SERVICES-BUSINESS SERVICES, NEC [7389]
		IRS NUMBER:				911788300
		STATE OF INCORPORATION:			CA
		FISCAL YEAR END:			1231

	BUSINESS ADDRESS:	
		STREET 1:		320 FIRST STREET
		CITY:			SAN FRANCISCO
		STATE:			CA
		ZIP:			94105
		BUSINESS PHONE:		4158088800

	MAIL ADDRESS:	
		STREET 1:		320 FIRST STREET
		CITY:			SAN FRNACISCO
		STATE:			CA
		ZIP:			94105
</SEC-HEADER>
<DOCUMENT>
<TYPE>4
<SEQUENCE>1
<FILENAME>form4-ckhl_cpi122904ex.xml
<TEXT>
<XML>
<?xml version="1.0"?>
<ownershipDocument>

    <schemaVersion>X0202</schemaVersion>

    <documentType>4</documentType>

    <periodOfReport>2004-12-29</periodOfReport>

    <notSubjectToSection16>0</notSubjectToSection16>

    <issuer>
        <issuerCik>0001060801</issuerCik>
        <issuerName>CRITICAL PATH INC</issuerName>
        <issuerTradingSymbol>CPTH</issuerTradingSymbol>
    </issuer>

    <reportingOwner>
        <reportingOwnerId>
            <rptOwnerCik>0001164004</rptOwnerCik>
            <rptOwnerName>CHEUNG KONG HOLDINGS LTD</rptOwnerName>
        </reportingOwnerId>
        <reportingOwnerAddress>
            <rptOwnerStreet1>8TH FLOOR CHEUNG KONG CENTER</rptOwnerStreet1>
            <rptOwnerStreet2>2 QUEENS ROAD CENTRAL</rptOwnerStreet2>
            <rptOwnerCity>HONG KONG CHINA</rptOwnerCity>
            <rptOwnerState>F5</rptOwnerState>
            <rptOwnerZipCode>00000</rptOwnerZipCode>
            <rptOwnerStateDescription>TAIWAN, PROVINCE OF CHINA</rptOwnerStateDescription>
        </reportingOwnerAddress>
        <reportingOwnerRelationship>
            <isDirector>0</isDirector>
            <isOfficer>0</isOfficer>
            <isTenPercentOwner>1</isTenPercentOwner>
            <isOther>0</isOther>
        </reportingOwnerRelationship>
    </reportingOwner>

    <derivativeTable>
        <derivativeTransaction>
            <securityTitle>
                <value>Series F Warrants</value>
            </securityTitle>
            <conversionOrExercisePrice>
                <value>14.00</value>
            </conversionOrExercisePrice>
            <transactionDate>
                <value>2004-12-29</value>
            </transactionDate>
            <transactionCoding>
                <transactionFormType>4</transactionFormType>
                <transactionCode>P</transactionCode>
                <equitySwapInvolved>0</equitySwapInvolved>
            </transactionCoding>
            <transactionAmounts>
                <transactionShares>
                    <value>107142</value>
                </transactionShares>
                <transactionPricePerShare>
                    <footnoteId id="F2"/>
                </transactionPricePerShare>
                <transactionAcquiredDisposedCode>
                    <value>A</value>
                </transactionAcquiredDisposedCode>
            </transactionAmounts>
            <exerciseDate>
                <value>2004-12-30</value>
            </exerciseDate>
            <expirationDate>
                <value>2008-07-09</value>
            </expirationDate>
            <underlyingSecurity>
                <underlyingSecurityTitle>
                    <value>Series F Redeemable Convertible Preferred Stock</value>
                </underlyingSecurityTitle>
                <underlyingSecurityShares>
                    <value>107142</value>
                    <footnoteId id="F1"/>
                </underlyingSecurityShares>
            </underlyingSecurity>
            <postTransactionAmounts>
                <sharesOwnedFollowingTransaction>
                    <value>1071420</value>
                    <footnoteId id="F1"/>
                </sharesOwnedFollowingTransaction>
            </postTransactionAmounts>
            <ownershipNature>
                <directOrIndirectOwnership>
                    <value>I</value>
                </directOrIndirectOwnership>
                <natureOfOwnership>
                    <value>See</value>
                    <footnoteId id="F3"/>
                </natureOfOwnership>
            </ownershipNature>
        </derivativeTransaction>
    </derivativeTable>

    <footnotes>
        <footnote id="F1">Every one share of Series F Preferred Stock is initially convertible into ten shares of common stock of the issuer. The
 conversion ratio of the Series F Preferred Stock is equal to the product of (i) the number of shares of Series F Preferred
 Stock being so converted MULTIPLIED BY (ii) the quotient of (x) the Series F Accreted Value DIVIDED BY (y) $1.40, subject to
 anti-dilution adjustments. Series F Accreted Value means, with respect to each share of Series F Preferred Stock, the sum of
 $14.00 plus all dividends that have accrued and compounded semi-annually with respect thereto.</footnote>
        <footnote id="F2">Not applicable.</footnote>
        <footnote id="F3">Cheung Kong (Holdings) Limited beneficially owns 107,142 shares of Series F Preferred Stock through its wholly owned
 subsidiary, Campina Enterprises Limited.</footnote>
    </footnotes>

    <ownerSignature>
        <signatureName>/s/ Mr. Edmond Ip Tak Chuen</signatureName>
        <signatureDate>2005-01-03</signatureDate>
    </ownerSignature>
</ownershipDocument>

</XML>
</TEXT>
</DOCUMENT>
</SEC-DOCUMENT>
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