Read the full judgment text of on BabelCite. was delivered on 21 November 1994.
1. On 3 September 1990, the owner of the Ramada Renaissance Hotel ("the hotel") in Hong Kong entered into a management agreement with Sun Asia Pacific Hotels Limited ("Sun Asia") under which Sun Asia would operate and manage the hotel. On 28 September 1990, Sun Asia assigned all benefits under this agreement to a company which changed its name to Allson Classic Hotel (Hong Kong) Limited ("Allson"). On 26 October 1990, the owner sold the hotel to Abundance Assets Limited ("Abundance"), and, on th