18 May 2001
HOLIDAY RESORTS (MANAGEMENT) CO. LTD. v. GRANDCORP LTD.
- Citation
- HOLIDAY RESORTS (MANAGEMENT) CO. LTD. v. GRANDCORP LTD.
- Court
- Court of First Instance
- Case number
- HCA17643/1998
On the evidence the plaintiff was running sustained deficits and received advances from the holding company and related entities which were used to pay management and ferry expenses; therefore the sums claimed represent reimbursement to the plaintiff (not funds of owners) and are recoverable; the contract (DMC) authorises a $300 collection charge and registration expenses as recoverable items and interest and indemnity costs are appropriate in the circumstances, so judgment for the plaintiff is entered with specified interest and indemnity costs.
- Management fees recovery
- Agency authority and locus standi after termination
- Reimbursement of advances
- Registration of charges
- Liquidated damages (collection charge)
- Entitlement to indemnity costs