Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Escrow/conditions precedent
  • 9 Aug 2024

    LAM CHOI YUK v. LAM HING WAN

    Citation
    [2024] HKDC 1279
    Court
    District Court
    Case number
    DCCJ4265/2021

    The 28 June 2021 settlement agreement is valid and enforceable: evidence (audio transcript, witness evidence and contemporaneous documents) established that the Defendant was not coerced and acted voluntarily; Catherine Chan had authority to bind the Plaintiff; the revised consideration and allocation of liabilities were commercially explicable; the Defendant breached the settlement by refusing to pay HK$1,675,737 and is liable to the Plaintiff for that sum with contractual interest; the Defendant's counterclaims based on entitlement to the HK$660,000 escrow and HIFU installments fail because…