12 Dec 2022
BONDS GROUP CO LTD v. KWAN DANIEL AND OTHERS
- Citation
- [2022] HKCFI 3674
- Court
- Court of First Instance
- Case number
- HCA1861/2017
The LOI was a binding contract despite some missing dates because the parties intended to be bound and the LOI furnished a sufficiently workable framework; Clause 10b is confined to breaches under clause 10 (in particular the prohibition in clause 10a against negotiating with third parties) rather than applying to all breaches of the LOI; the court found that by the 31 May 2017 conversation the parties had reached a consensus that compensation would be measured under Clause 10b, but the plaintiff failed to plead or particularise a damages case under Clause 10b at trial and therefore is limite…