19 Jun 2009
SUPERBRANDS LTD v. ASIA INTEGRATED MEDIA LTD AND OTHERS
- Citation
- SUPERBRANDS LTD v. ASIA INTEGRATED MEDIA LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCMP559/2008
The court held that the 2004 and 2006 Agreements required the respondents to account to Superbrands for 20% of gross revenue including the cash equivalent of benefits in kind arising from barter; in the single identified barter (Hourglass) the cash equivalent was $0; respondents had complied with discovery; respondents must pay the net balance found due ($152,757.17) with interest at 1% over HSBC HKD prime from 1 July 2007 until payment; no further interest is payable on the US$250,000 bonus because it is dealt with in the netting exercise; and the court will not order funds paid into court a…