23 Feb 2004
TIKEN LTD v. BRIERLEY INVESTMENTS LTD
- Citation
- TIKEN LTD v. BRIERLEY INVESTMENTS LTD
- Court
- Court of First Instance
- Case number
- HCCL87/2000
The court held that the fact of the low settlement alone (HK$78m from HK$496m) is insufficient as a particular to establish a breach of the contractual obligation to use all reasonable endeavours to maximize Gross Contract Income; accordingly the specific proposed paragraphs and counterclaim alleging that breach were disallowed while the rest of the revised defence amendments were permitted.