20 Jun 2000
KEEP POINT DEVELOPMENT LTD. v. CHAN CHI YIM AND ANOTHER
- Citation
- KEEP POINT DEVELOPMENT LTD. v. CHAN CHI YIM AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP6550/1998
The court found that Full Country was liable to the defendants for breach of contract and that Yuen Sung & Co. breached their duty of care to the defendants by failing adequately to warn and advise of the legal risks (notably the effect of non-registration and the scope of charging powers); accordingly the defendants are entitled to an indemnity and damages against the third parties; damages are to be assessed on the basis that, had proper advice been given, the defendants would not have proceeded at all, so loss is the value of their old units less amounts actually received, plus reimbursabl…