24 Oct 2019
CHAMP PRESTIGE INTERNATIONAL LTD v. CHINA CITY CONSTRUCTION (INTERNATIONAL) CO., LTD
- Citation
- [2019] HKCFI 2537
- Court
- Court of First Instance
- Case number
- HCA279/2018
The stay summons was dismissed and summary judgment ordering specific performance (a joint sale under the Framework Agreement) was granted because the liquidators failed to justify a stay or late application, did not require sanction to defend, and the defendant offered no real or bona fide defence — the plaintiff was ready and willing to perform and damages would be inadequate given the defendant's insolvency.