9 Oct 2008
SHIH PHILIP v. LI WAI KEUNG
- Citation
- SHIH PHILIP v. LI WAI KEUNG
- Court
- District Court
- Case number
- DCCJ2901/2006
The Agreement was a genuine sale with a time‑limited option to repurchase, not a mortgage; the option required strict compliance with the timetable and was not exercised by defendant by June 2006; the forfeiture provisions were neither unconscionable nor penal; specific performance was appropriate and ordered, with Philip entitled to the property absolutely and to retain agreed rents, subject to repayment of sums the defendant had paid (HKD 9,800).