5 Mar 2013
GE LI v. SUN MEI INDUSTRIAL LTD AND OTHERS
- Citation
- GE LI v. SUN MEI INDUSTRIAL LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1009/2010
The court found repudiation occurred on 27 January 2010, accepted the defendants' expert valuation over the plaintiff's, assessed market value on that date at HKD 3,880,000, awarded the plaintiff the price difference of HKD 80,000, interest on the deposit at 4% for the period 27 January to 14 July 2010 (HKD 35,164.93), and conveyancing costs of HKD 7,000, totalling HKD 122,164.93; costs ordered to be paid by defendants on District Court scale to be taxed if not agreed.