22 Jun 2022
MACRO CHARM LTD v. PHOENIX LUMBER NICARAGUA S.A. AND OTHERS
- Citation
- [2022] HKCFI 1822
- Court
- Court of First Instance
- Case number
- HCA484/2012
The 3rd Defendant did not make, repeat, adopt or ratify the pleaded pre-contract and pre-completion representations; the emails relied on were either non‑actionable opinions, qualified statements, or passing on information believed true and subject to verification by MVZ and the Plaintiff's due diligence; accordingly the Plaintiff's claim against the 3rd Defendant was dismissed. Separately, the 1st and 2nd Defendants had paid and liability was entered against them; consequential losses of USD584,193.25 were proved and combined with the admitted USD10,000,000 payment produced an award of USD10…