3 May 2024
SUN’S WORKSHOP CO LTD v. LANGOLD INVESTMENT LTD
- Citation
- [2024] HKCFI 1235
- Court
- Court of First Instance
- Case number
- HCA94/2022
Master held plaintiff entitled to be placed in position as if SPA performed: loss of rental income awarded despite alleged forgery because SPA sold property subject to tenancy and purchaser assumed tenancy risk; clause 21(d) imposes liability on defaulting party for stamp duty and clause 21(c) did not bar reimbursement because the statutory proviso regarding commenced proceedings applied; plaintiff’s mitigation evidence was adequate and did not preclude recovery; date of assessment for loss of bargain is date of breach (21 May 2021); specific valuation adjustment rates and factors were adopte…