Read the full judgment text of HCA 004865/2002 on BabelCite. This High Court CFI judgment was delivered on 22 April 2003.
1. The Plaintiff company is the owner of a plot of land known as Tai Po Town Lot No. 161 on which it is developing 549 town-houses. In the light of the economic situation its investment may well constitute a loss. That would not normally be relevant but in this case it illustrates the need to effect sales at the earliest opportunity to recoup the outlay, or as much of it as possible. Land adjacent to the development was leased for 5 years to the Plaintiff's associated company, to act as a buffer