28 Jan 2025
MAN CHIN CHIN IVY AND ANOTHER v. BLANDUS INTERNATIONAL DEVELOPMENT LTD AND ANOTHER
- Citation
- [2025] HKCFI 490
- Court
- Court of First Instance
- Case number
- HCA1299/2020
The court found on the balance of probabilities that the SPA and Assignment reflected the true agreed consideration of HK$4.5 million, the Important Private Agreement and unsigned Products Agreement were inadmissible or unproven, the IOU for RMB3,555,000 was authentic and P1 owed that debt, HK$452,398 of Products had been supplied, and an oral agreement to set off mortgage repayment, loan and product costs against the property existed; consequently Ps’ claim failed and Ds’ counterclaim succeeded resulting in a net judgment against P1 for HK$2,408,480.