29 Jan 2015
MAYER & CIE AG v. RAINBOW FUR LTD AND ANOTHER
- Citation
- MAYER & CIE AG v. RAINBOW FUR LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA648/2012
The court accepted the unchallenged expert valuation and resale proceeds as reliable evidence of the value of goods supplied by the defendants, deducted those amounts from the outstanding invoice totals, awarded damages equal to outstanding less the value of sold and unsold goods, refused the claimed 8% pre-judgment rate and instead awarded interest at 4% per annum from specified dates to date of judgment and judgment rate thereafter, and ordered costs to the plaintiff to be taxed if not agreed.