2 Oct 2018
MILLION (FAR EAST) LTD v. MANLEY BEST (INTERNATIONAL) FOOD LTD AND ANOTHER
- Citation
- [2018] HKCFI 2193
- Court
- Court of First Instance
- Case number
- HCA2429/2017
Summary judgment was appropriate and is entered for the Plaintiff against the 1st Defendant on the breach of agreement/Price Claim because the Defendants' Non-delivery and Mistake defences are shadowy and lack particulars; the Repayment Agreement is binding on signature; however the 2nd Defendant's repayment obligations under Clauses 2(b) and 2(c) are conditional on receipt of Share Sale Proceeds and because those proceeds were not received no summary judgment is entered against the 2nd Defendant on those clauses; issues as to whether delivery of title deeds constituted an equitable mortgage…