Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Appointment of valuers

Legal area

Court

2 Dec 2011

DAVID KONG v. PINE GROWTH MANUFACTURING CO LTD AND OTHERS

Citation

DAVID KONG v. PINE GROWTH MANUFACTURING CO LTD AND OTHERS
Court

Court of First Instance
Case number

HCCW321/2006

The court refused to amend the prior order or engagement letter because the matters raised were or could have been raised earlier and there was no substantive need to alter the terms; valuers are not obliged to obtain additional valuations at this late stage where prior valuations exist; inspection rights remain limited as per the 2007 consent order; costs of the applications are payable by the Respondents to the Petitioner on a party-and-party basis.
2 Dec 2011

DAVID KONG v. PINE DEVELOPMENT LTD AND ANOTHER

Citation

DAVID KONG v. PINE DEVELOPMENT LTD AND ANOTHER
Court

Court of First Instance
Case number

HCCW322/2006

The court declined to amend its prior order of 10 November because the issues raised were matters that had been or could have been addressed earlier, the engagement letter as originally drafted did not unreasonably require further valuations for assets already valuated years earlier, and there was no need to create an amendment that might permit valuers to avoid obtaining necessary valuations; accordingly the court dismissed the respondents' summonses, directed the respondents to sign the engagement letter within three days, and awarded the Petitioner's costs on a party-and-party basis.