8 Sept 2020
NEW CASTLE INVESTMENTS LTD v. WFC HOLDING LTD AND OTHERS
- Citation
- [2020] HKCA 755
- Court
- Court of Appeal
- Case number
- CAMP52/2020
Clause 5.03 does not effect an automatic extinguishment or set-off of the tenant's liability for rent; it creates a deemed reduction in the amount of the deposit for the limited purposes of calculating the sum repayable under clause 5.04 and giving the landlord a right to demand topping-up. On that construction the defendants had no real prospect of success and the Court allowed the plaintiff's appeal, restored the Default Judgment and granted leave (including brief extension of time) to appeal.