20 Oct 2014
DYNAMIC CENTURY GROUP LTD v. CHEUNG SIU YUEN RAYMOND
- Citation
- DYNAMIC CENTURY GROUP LTD v. CHEUNG SIU YUEN RAYMOND
- Court
- District Court
- Case number
- DCCJ4455/2011
The court found on the evidence that the failure to obtain SFC approval by the Long Stop Date was not due to the plaintiff's default but was caused by the defendant's prior breaches and conduct; accordingly clause 4.5 applied and the defendant was obliged to repay the deposit. The defendant's counterclaim and entitlement to forfeit the deposit under clause 10.1 failed on the facts.