10 Dec 2021
ITIRO CORPORATION BVI v. THE OWNER AND/OR DEMISED CHARTERERS OF THE SHIP OR VESSEL “ANGELIC GLORY”
- Citation
- [2021] HKCA 1865
- Court
- Court of Appeal
- Case number
- CACV294/2021
The court held that the plaintiff's evidence satisfied the "well founded" threshold for Claim 1: rectification was justified and the Addendum unenforceable for want of consideration and/or economic duress; awarded US$234,955 with interest and declared the charterparty rectified to permit sugar. Claim 2 (arbitration costs) was not presently well founded absent a costs award and was adjourned sine die with liberty to restore. Defendants ordered to pay the plaintiff's costs of the appeal (HK$138,425).