2 Dec 2021
CYBER INSURANCE BROKERS LTD v. RELEVANT MARKETING (HK) LTD
- Citation
- [2021] HKDC 1393
- Court
- District Court
- Case number
- DCCJ1950/2019
On objective construction the 2016 and 2017 written agreements effected share sales which carried assets and liabilities (save the expressly excluded Speedinsurance business); the 9 February 2018 audit confirmation, signed and chopped by the defendant and countersigned by the plaintiff, was a quantifiable and unqualified admission of indebtedness of HK$2,017,803.50; the defendant failed to adduce evidence of any agreement to write off the debt or of unilateral mistake sufficient to rescind, therefore the plaintiff established its claim on the balance of probabilities.