30 Sept 2025
MAURIZIO DE GASPERIS AND ANOTHER v. SHANGHAI TANG INVESTMENT HOLDING COMPANY LTD AND OTHERS
- Citation
- [2025] HKCFI 4407
- Court
- Court of First Instance
- Case number
- HCA1450/2020
The court found the plaintiffs acted unreasonably in settlement negotiations by rigidly insisting on US$150,000 without legal or evidential basis and failing to respond to an improved Calderbank offer; accordingly the order nisi was varied to award indemnity costs from 27 August 2024 and to require plaintiffs to pay defendants' costs (with specified temporal apportionment); the defendants' costs of the summons were assessed at HK$84,729 and HK$50,000 paid into court was ordered released to defendants.