Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Accounting and accruals
  • 18 Jan 2002

    LEUNG WING YIU v. SIU KING YUEN AND OTHERS

    Citation
    LEUNG WING YIU v. SIU KING YUEN AND OTHERS
    Court
    Court of First Instance
    Case number
    HCA5382/1996

    Court held the 2nd Defendant was not entitled to a right of set-off under Cheung J's order; the relevant valuation date for conversion was 14 days from Cheung J's order (thus the 2001 valuation); hire purchase payments for listed items should not be deducted when fixing interim damages because such deductions would duplicate amounts to be dealt with in the account; on the Stringman test the court fixed an interim payment of HKD 36,966.67 adopting the defendants' expert valuation for interim purposes.