27 Mar 2001
RICHLAM TRADING CO. LTD. v. ASHLEY TRADING LTD.
- Citation
- RICHLAM TRADING CO. LTD. v. ASHLEY TRADING LTD.
- Court
- Court of First Instance
- Case number
- HCA11594/1999
The contract comprised both the letter of guarantee and the transfer form; defendant breached guarantees by exporting non‑Hong Kong origin goods and thereby caused the Director‑General to discount 462 dozens which in turn caused (by application of the 50% temporary‑transfer rule) quota reductions; however, losses in other categories arising from the 50% rule were too remote because the defendant lacked knowledge of plaintiff's overall transfers, so defendant is liable only to transfer 462 dozens in category 638/639 and to pay damages for loss of use to be assessed.