Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Valuation of financial instruments

Legal area

Court

1 Feb 2021

DELCO PARTICIPATION B.V. v. CHIHO ENVIRONMENTAL GROUP LTD AND ANOTHER

Citation

[2021] HKCFI 265
Court

Court of First Instance
Case number

HCA3040/2015

The court directed forensic accounting and valuation expert evidence on specified questions but refused Delco's proposed question 3A on market practice because the proposed evidence was not shown to be within a reliable expert field, was unnecessary for contractual interpretation of the best endeavours obligation, and would not materially assist the court; costs of the expert directions were ordered in the cause and the third‑party disclosure application against USUMHK was adjourned with directions for affirmations and submissions.
1 Feb 2021

DELCO PARTICIPATION B.V. v. CHIHO ENVIRONMENTAL GROUP LTD AND OTHERS

Citation

[2021] HKCFI 265
Court

Court of First Instance
Case number

HCA2939/2016

The court refused Delco's proposed expert question on market practice for procuring a buyer for the CB (question 3A) because the proposed evidence did not fall within a recognised body of expert knowledge likely to assist the court, was unnecessary to decide the contractual issue of best endeavours and would have limited probative value; other expert directions as set out were ordered and costs of the related summonses were ordered in the cause; third party disclosure applications were adjourned to permit CT and USUMHK to file affidavits and submissions.