Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Goodwill and business routes
  • 30 Aug 2021

    KWOK KA MAN BARBARA AND ANOTHER v. LI YUK LAN AND ANOTHER

    Citation
    [2021] HKCFI 2519
    Court
    Court of First Instance
    Case number
    HCA320/2020

    Because defendants defaulted on liability and the HK$2,500,000 was pleaded and established as Route Consideration forming part of the purchase price for business routes and goodwill, plaintiffs were entitled to recover that sum. No deduction was made for plaintiffs' four months' use because there was no evidence of any fixed term or measurable lifetime of the routes and no proper basis to apportion the one-off routes purchase price. Claims for December 2017 income and licence appreciation were inconsistent with awarding the Route Consideration and were inadequately proved, and therefore dismi…