24 Mar 2006
FUBON BANK (HONG KONG) LTD v. WELFORM LTD
- Citation
- FUBON BANK (HONG KONG) LTD v. WELFORM LTD
- Court
- Lands Tribunal
- Case number
- LDPD3138/2005
The Tribunal found on the evidence of negotiation, correspondence, receipts and the parties' conduct (payments and occupation) that an oral agreement for a 3-month extension (1 Dec 2004–28 Feb 2005) existed at HKD18,500 per month; accordingly section 5 of the Amendment Ordinance meant no transitional termination notice was required for that extension, the fixed term expired on 28 Feb 2005, the Respondent became a licensee thereafter and the Applicant was entitled to recover possession and to mesne profits and costs as ordered.