4 May 2011
GRACE SILVER MARKETING LTD AND ANOTHER v. HAIXIN YU GAR (H.K.) LTD AND ANOTHER
- Citation
- GRACE SILVER MARKETING LTD AND ANOTHER v. HAIXIN YU GAR (H.K.) LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA2833/2006
GSC was the authorised master licensee and had validly authorised GSM to grant the sub‑licence; the sub‑licence was a written contract validly entered into by GSM with Haixin Yu Gar; the option to renew the master licence existed and was validly exercised by GSC; the deed created an original indemnity obligation on Or such that she is jointly and severally liable; accordingly plaintiffs (GSM and GSC) recover unpaid royalties and foreseeable consequential losses; defendants' counterclaim for rescission fails.