19 Jul 2013
CHANNEL GREEN LTD v. HUGE GRAND LTD
- Citation
- CHANNEL GREEN LTD v. HUGE GRAND LTD
- Court
- Court of First Instance
- Case number
- HCMP2052/2011
Clauses 30 and 31, read in context and against the factual matrix known to the parties, precluded any requisition arising from unauthorised additions, alterations or illegal structures on the Property irrespective of whether the legal basis was the Buildings Ordinance, the Government Lease or the DMC; therefore Huge Grand properly shifted the risk of those title defects to the purchaser, was entitled to terminate the SPA and to forfeit the deposits of HK$36,000,000 which the court held was an objectively justified higher deposit for the extended completion period; Channel Green's claim dismis…