22 Jul 2011
KOWLOON DEVELOPMENT FINANCE LTD v. PENDEX INDUSTRIES LTD AND OTHERS
- Citation
- KOWLOON DEVELOPMENT FINANCE LTD v. PENDEX INDUSTRIES LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA813/2006
The court found on credibility and documentary evidence that the consent/Tomlin orders did not reflect the parties' true agreement (which was limited to annual reviews fixing instalments) and that the defendants either knew of or sought to take advantage of the mistake; accordingly rectification of the 2004 and 2005 orders was ordered to record the continuing review mechanism and the plaintiff's entitlement to pursue the outstanding balance if reviews/defaults occurred; delay did not bar the equitable remedy on the facts.