14 Feb 2011
XUE V LIU HC AK CIV-2010-404-3315
- Citation
- openlaw-5da9afd9_6748_4ca8_8437_aba8be4a3929.pdf
- Court
- High Court
The court ordered specific performance of the contract, allowed the purchaser to deduct accrued interest for late settlement (15%) subject to credit for interest earned on held funds, fixed the deductible balance at $55,309.73, declined to award any uplift to costs and instead awarded costs on a 2B basis, and required $20,000 to be paid into court as security to ensure performance and vacant possession, with orders to lie in court until specified affidavits are filed.