21 Jan 2025
WAN MING SUN v. WONG HOI KWAN AND ANOTHER
- Citation
- [2025] HKCFI 394
- Court
- Court of First Instance
- Case number
- HCMP1408/2023
Clause 5 was a condition and, being time‑bound under Clause 20, defendants repudiated the PASP by failing to deliver company documents; plaintiff validly accepted the repudiation on 8 May 2023; Clause 16(b) is not a penalty and is enforceable; plaintiff is entitled to return of deposits, liquidated damages equal to the deposits and a lien on the company shares; costs follow the event.