13 Nov 2009
TALLMANY ENTERPRISES LTD v. PROSTEN TECHNOLOGY HOLDINGS LTD AND ANOTHER
- Citation
- TALLMANY ENTERPRISES LTD v. PROSTEN TECHNOLOGY HOLDINGS LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA669/2009
The court found the defendants had an arguable appeal on the interpretation point and granted a conditional stay of execution: the 1st defendant must pay into court HK$36,000,000 with interest by the specified deadline (initially 27 November 2009, extended to 4 December 2009) to maintain the stay until the appeal is concluded or further order; failure to pay allows the plaintiff to execute the judgment from the stated dates. The court rejected defendants' estoppel and delay defences and upheld the plaintiff's entitlement to early redemption on the interpretation issue as decided in the summar…