10 Feb 2011
NOVUS INTERNATIONAL PTE. LTD v. GOOD EARTH AGRICULTURAL CO LTD
- Citation
- NOVUS INTERNATIONAL PTE. LTD v. GOOD EARTH AGRICULTURAL CO LTD
- Court
- Court of First Instance
- Case number
- HCCL16/2008
The court construed the distributorship agreement in favour of Novus (Good Earth was required to account 92% of the actual resale price and was not entitled to retain an undisclosed onsale margin), declined to impose a fiduciary duty, but held Novus's claim was statute-barred because Novus could with reasonable diligence have discovered Good Earth’s onsale margin practice in 1997-1998; accordingly the contractual claim failed on limitation and was dismissed.