2 Sept 2022
CHANGGANG DUNXIN ENTERPRISE CO LTD (IN LIQUIDATION) v. 北京精准溝通傳媒科技股份有限公司
- Citation
- [2022] HKCFI 2646
- Court
- Court of First Instance
- Case number
- HCA133/2021
The Court awarded reliance damages of HK$7,228,270 because the claimant proved the professional fees were reliance expenditures that were wasted by the Defendant's breach and, in absence of contrary proof from the Defendant, the fees would have been recouped if the contract had been performed. Interest was awarded at 1% above HSBC best lending rate from writ date to judgment and judgment rate thereafter; costs of assessment ordered nisi against the Defendant.