27 Aug 1999
FORD JOINT LTD. v. KEEN LLOYD (HOLDINGS) LTD.
- Citation
- FORD JOINT LTD. v. KEEN LLOYD (HOLDINGS) LTD.
- Court
- Court of First Instance
- Case number
- HCA21393/1998
The court held that the plaintiff validly accepted the defendant's repudiation on 4 December 1998; Clause 23 is not a penalty and does not displace the common law remedy for damages; there was no arguable defence that plaintiff had affirmed the contract by delay or waived the right to terminate; plaintiff entitled to declaration of termination, damages to be assessed and interim payment of HKD 12,506,870.79.