28 Oct 2020
HOTUNG INVESTMENT (CHINA) LTD v. ERIC SHEA KIM HOTUNG
- Citation
- [2020] HKCFI 2720
- Court
- Court of First Instance
- Case number
- HCA77/2012
The court accepted the experts’ valuations and methods, fixed the valuation date as 28 April 2017, assessed market value damages at US$543,427 for the gold coins and US$4,000,000 for the ivory screen (total US$4,543,427), awarded indemnity costs (certificate for two counsel) because the defendant unreasonably refused inspection and conducted obstructive/dilatory litigation, and ordered interest at prime plus 1% from 1 September 2011 to judgment and judgment rate thereafter.