Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Transferred loss

Legal area

Court

23 Jun 2025

PEKING UNIVERSITY FOUNDER GROUP COMPANY LIMITED (北大方正集團有限公司) v. HONGKONG JHC CO., LIMITED (香港京慧誠有限公司)(IN LIQUIDATION)

Citation

[2025] HKCFA 14
Court

Court of Final Appeal
Case number

FACV8/2024

Costs follow the event: the Court restored first instance costs against the Respondents and ordered the Respondents to pay PUFG's costs of the appeals in the Court of Appeal and in this Court. The Respondents had not proved actionable loss (their declared breaches only qualified for nominal damages) and the case's importance and complexity justified a certificate for four counsel for PUFG.
23 Jun 2025

PEKING UNIVERSITY FOUNDER GROUP COMPANY LIMITED (北大方正集團有限公司) v. NUOXI CAPITAL LIMITED (諾熙資本有限公司) (IN LIQUIDATION IN THE BRITISH VIRGIN ISLANDS)

Citation

[2025] HKCFA 14
Court

Court of Final Appeal
Case number

FACV7/2024

The Court held that costs should follow the event: the Respondents failed to show actionable loss (their declared breaches resulted only in nominal damages) and thus must pay PUFG's costs. Harris J's first instance costs order was restored; the Respondents must pay PUFG's costs in the Court of Appeal and in this Court. Given the importance, complexity and the Respondents' conduct of the litigation, a certificate for four counsel was justified for the appeals, and three counsel for first instance and the present application was justified.