6 Jun 2018
VOLLY BEST INVESTMENT LTD v. JOINLAND HOLDINGS LTD
- Citation
- [2018] HKCFI 1191
- Court
- Court of First Instance
- Case number
- HCA1438/2013
Resale dates in March 2010 represent the proper valuation dates because the resale prices reflected the market value and the vendor did not fail to mitigate; accordingly damages are assessed by reference to the resale prices, Volly Best is entitled to consequential losses for management fees and government rent/rates (Items b and c) but not to agency commission and conveyancing costs (Items d and e) absent proof they were additional, interest at prime plus 1% from date of resale to judgment is awarded, and plaintiff is entitled to three quarters of costs.