21 May 2026
THE ONE PROPERTY LTD v. THE SWATCH GROUP (HONG KONG) LTD
- Citation
- [2026] HKDC 774
- Court
- District Court
- Case number
- DCCJ6504/2024
Plaintiffs demonstrated they took all reasonable steps to mitigate under the circumstances and defendant failed to prove quantifiable avoidable loss; the ex-gratia rental reductions were not deducted because they arose from an earlier default and were not caused by the repudiatory breach giving rise to the assessed losses; pre-judgment interest is awarded at HSBC prime +1% from dates of acceptance of repudiation except the period 31 March 2023 to 23 January 2024 when plaintiffs unreasonably delayed proceeding; costs ordered on indemnity basis as detailed.