31 Oct 2019
QUANTUM ASSETS GROUP LTD v. TAI KWAI FA
- Citation
- [2019] HKDC 1462
- Court
- District Court
- Case number
- DCCJ4454/2019
The Statement of Claim established the plaintiff's entitlement to rescind the Sub-sale SPA and recover the deposit, permitting default judgment on that claim under O19 r7; however the court lacked jurisdiction to grant the declaratory relief because the property's rateable value exceeded the statutory HK$320,000 threshold under Section 52(1)(c) of the District Court Ordinance, leading the plaintiff to abandon the declaration and the court to enter final judgment for return of the deposit and costs.