22 Jun 2010
CHAMPION CONCORD LTD AND ANOTHER v. LAU KOON FOO AND ANOTHER
- Citation
- CHAMPION CONCORD LTD AND ANOTHER v. LAU KOON FOO AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCL1/2010
Clause 16 was not triggered because the required preconditions (a DLO decision refusing consent and a purchaser's contest of that decision on or before the Long Stop Date) had not occurred; therefore Clause 15 operated and the sale and purchase was automatically cancelled at the Long Stop Date. The court must give effect to the clear contractual language and cannot rewrite the Settlement Agreement despite equitable arguments.