Read the full judgment text of HCCT 3/2010, HCCT 57/2009 on BabelCite. This 高等法院原訟法庭 judgment was delivered on 3 June 2016 before Hon L Chan J.
Construction and arbitration proceedings — Interest on judgment sum — Trial aborted on 25 July 2011 — Whether interest to be awarded and from when — Plaintiff awarded interest on sum of HK$10,014,177.50 at 2.5% above best lending rate of the Hong Kong Bank from 26 July 2011 to judgment date — Defendant did not respond to court's request for comments — Conditional order for interest to defendant on counterclaim amount if defendant is ultimately held successful — Procedural history includes consolidation of cases HCCT 3/2010 and HCCT 57/2009 and lengthy trial hearings spanning 2012 and 2013 — Judgment delivered as addendum on 3 June 2016.
Legal issues: Award of interest on judgment sum
Outcome: Plaintiff awarded interest on the judgment sum from 26 July 2011 to the date of judgment at the rate of 2.5% above the best lending rate of the Hong Kong Bank; conditional interest order in favor of defendant on counterclaim sum if defendant succeeds.
Cited by 6 cases