24 Oct 1994
GLOMEX TRADING CO. LTD. v. BILLION PEARL INVESTMENTS LTD.
- Citation
- GLOMEX TRADING CO. LTD. v. BILLION PEARL INVESTMENTS LTD.
- Court
- Court of First Instance
- Case number
- HCA3964/1994
The court allowed the defendant to defend the cheques on the basis of a reasonably arguable total failure of consideration because the kits had been purchased for use with equipment which the plaintiff failed to bring into production and for which technical know-how was not transferred; accordingly the default judgment was set aside on condition the defendant pays HK$273,515.38 into court within four weeks to abide the result of trial, with liberty to apply if unable to pay.