3 Dec 2024
ECHELLES RIFFAUD S.A. v. THE SECRETARY FOR JUSTICE
- Citation
- [2024] HKCFI 3509
- Court
- Court of First Instance
- Case number
- HCA1841/2011
The court refused to vary the pre-judgment interest rate from P+1% per annum. Government bond yields and the Government's investment returns were not appropriate proxies for the theoretical cost of borrowing because the bonds were issued for market‑development, not out of financing need, and adopting bond or investment rates would depart from the established P+1% commercial presumption and introduce unacceptable uncertainty.