Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Currency conversion

  • 6 Mar 2014

    RE GLOBAL HONG KONG LTD

    Citation
    RE GLOBAL HONG KONG LTD
    Court
    Court of First Instance
    Case number
    HCCW356/2011

    The court granted the liquidators' application: it sanctioned the affiliate agreements and authorised entry into a materially equivalent Polaris agreement; it vested the liquidators with final determination of qualifying clients' entitlements, allocated unallocated balances to the client money pool, authorised conversion of foreign currency client money to HKD, approved a further interim distribution not exceeding HK$110,000,000 to qualifying clients on a pari passu basis, authorised costs of administration and this application to be paid from client money prior to final distribution, ordered…

  • 31 May 2013

    吳 對 趙

    Citation
    吳 對 趙
    Court
    Family Court
    Case number
    FCMC9061/2009

    Leave to appeal was granted only for limited numerical calculation errors that posed a realistic prospect of success: the petitioner's third ground (double counting/omission errors concerning the car and bank balances) and the respondent's pension calculation point. All other grounds were refused because they lacked realistic prospects, were fact findings, or were unsupported by adequate disclosure or evidence.

  • 25 Mar 1999

    HBL LTD v. VEAGROUP SRL

    Citation
    HBL LTD v. VEAGROUP SRL
    Court
    Court of First Instance
    Case number
    HCCL127/1996

    The court found the Plaintiff breached the contract by supplying defective watches; those breaches caused the Defendant's loss. The Defendant was entitled to recover loss of profit and wasted expenditure, subject to reasonable deductions for mitigation and set-off against the unpaid invoice. The counterclaim was quantified, converted to USD and HKD, interest awarded, and judgment entered for the Defendant in the net amount ordered.

  • 23 Apr 1976

    PROMOTORS LTD v. KAYS IMPEX CORPORATION (HK) LTD

    Citation
    PROMOTORS LTD v. KAYS IMPEX CORPORATION (HK) LTD
    Court
    Court of First Instance
    Case number
    HCA2554/1974

    Damages for the 488 completed calculators are the difference between contract price (US$54) and market value at breach (US$25) multiplied by quantity (488), and for the 180 unassembled kits the plaintiff was required to take the reasonable step of completing them and selling at market so damages per kit are contract price less unexpended completion cost and market value if completed (US$14.07), yielding total damages US$16,684.60, converted at agreed rate to HK$83,423.