26 Sept 2012
WINHOI BUS CO LTD v. HOI KI BUS SERVICES LTD
- Citation
- WINHOI BUS CO LTD v. HOI KI BUS SERVICES LTD
- Court
- District Court
- Case number
- DCCJ3289/2011
The court rejected implication of a 'double deposit mechanism' because the defendant failed to prove requisite past course of dealing or pleaded trade practice; there was sufficient evidence of an available market for the passenger service licence and the proper measure of damages is market value at contractual time less the contract price, resulting in assessed damages of $555,000 plus interest; costs ordered to plaintiff.