22 Apr 2010
THE DOCKS LIMITED V JIAN BAO LIN HC AK CIV-2008-404-003768
- Citation
- openlaw-9e594ae1_5880_484e_a280_fb4faffb1005.pdf
- Court
- High Court
The plaintiff validly cancelled for the defendant's failure to settle, was entitled under clause 9.4(3) to recover common law damages including interest, resale losses, outgoings and contractual costs; the court found a cost of funds of about 25% reasonable and awarded damages calculated at $520,042.79, with solicitor-client costs of $23,879.29 included, and entered judgment by default.