15 Jul 2015
YAU SHIK YIN v. WINBO INDUSTRIES (H.K.) LTD AND OTHERS
- Citation
- YAU SHIK YIN v. WINBO INDUSTRIES (H.K.) LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCW421/2012
The court held the mediated Preliminary Settlement Agreement was binding despite being described as 'Preliminary' and referring to a subsequent formal settlement document because the terms and surrounding conduct objectively demonstrated an intention to be immediately bound; clause V.17 did not negate binding effect; absence of an express completion date for the mother's transfer of the flat did not render the Agreement unenforceable and a completion within a reasonable time could be implied; accordingly the Respondents' summonses were allowed and the winding-up petitions were to be dismissed…