20 May 2015
RICACORP PROPERTIES LTD v. GOLDEN COSMOS CORPORATION LTD AND ANOTHER
- Citation
- RICACORP PROPERTIES LTD v. GOLDEN COSMOS CORPORATION LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA2339/2012
Court found the contested Representations were not made by the plaintiff's agents; clause 12(a) of the PSPA entitles the plaintiff to liquidated damages against the 1st defendant for purchaser default; clause 18 was explained and, on proper construction, binds the signatory (2nd defendant) personally; accordingly judgment for plaintiff for HKD 522,500 and counterclaim dismissed.