8 Dec 2006
THE WORLD FOOD FAIR LTD AND ANOTHER v. HONG KONG ISLAND DEVELOPMENT LTD
- Citation
- THE WORLD FOOD FAIR LTD AND ANOTHER v. HONG KONG ISLAND DEVELOPMENT LTD
- Court
- Court of Final Appeal
- Case number
- FACV6/2006
The appeal is allowed: the Court of Appeal was wrong to infer a binding oral tenancy contract existed by relying on payment of the deposit and entry into possession; essential contractual terms (notably commencement date, rent‑free period and option to renew, and specific kitchen facility obligations) had not been finally agreed by 27 January 1997 and the negotiations were objectively subject to a formal lease, so no concluded contract existed.