15 Jun 2001
KINGPOINT PROFITS LTD. AND ANOTHER v. LEE SHING YUE CONSTRUCTION CO. LTD. AND ANOTHER
- Citation
- KINGPOINT PROFITS LTD. AND ANOTHER v. LEE SHING YUE CONSTRUCTION CO. LTD. AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA13906/1998
Clause 17 did not expire automatically at the end of the 10‑day period; non‑compliance made the contract voidable at LSY's option. LSY waived the 10‑day deadline but not the substantive requirements, gave CT reasonable time and thereafter made time of the essence by its 2 July letter; CT still failed to comply with clause 17(i) and (ii) and LSY's repudiation/termination by letter dated 14 July 1998 was lawful.