Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Trade approvals
  • 19 Apr 2002

    BUTCON LTD. v. PRECIEUX GARMENT FACTORY LTD.

    Citation
    BUTCON LTD. v. PRECIEUX GARMENT FACTORY LTD.
    Court
    District Court
    Case number
    DCCJ15550/2000

    The court accepted the independent witness evidence that transfers were approved in practice and that quotas could have been used or sold; it accepted the supplied market transaction prices as reflecting open market value, calculated average prices for 1999 and 2000 and awarded damages of $46,760 based on (81+59) x 334, with interest from writ to judgment and thereafter at judgment rate and costs to Plaintiff.