18 Jun 2025
MAURIZIO DE GASPERIS AND ANOTHER v. SHANGHAI TANG INVESTMENT HOLDING COMPANY LTD AND OTHERS
- Citation
- [2025] HKCFI 2372
- Court
- Court of First Instance
- Case number
- HCA1450/2020
Part 2: D3 breached by failing to provide management accounts but plaintiffs failed to prove the condition precedent (losses below USD5m) so USD150,000 is not payable and only nominal damages awarded; Part 3: the licence provision is an unenforceable agreement to agree because essential terms (exclusivity, territory, sublicensing, distributor rights) were missing and left for future agreement, so no liability for failure to grant licence or inject capital; alternative alleged agreements of 2 and 3 December 2019 were not binding and fail for the same reasons; defendants' late disclosure of pro…