Read the full judgment text of HCCT97/2003 on BabelCite. This 高等法院原訟法庭 judgment was delivered on 10 November 2008 before Hon Burrell J in Chambers.
Construction and Arbitration — Quantum of judgment sum — Court invited parties to agree final sum after trial findings — Plaintiff calculated $4,429,477.60; defendant initially disagreed but later agreed — Plaintiff sought payment plus interest — Defendant applied for stay of proceedings pending appeal — Court applied usual principles, found defendant could pay, no risk to plaintiff equivalently, dismissed stay application — Interest rate fixed at prime plus 1%, interest to run from 1 January 2001 as an interim date reflecting disputed claim periods — Costs awarded to plaintiff on stay application — Defendant ordered to pay judgment sum and interest accordingly.
Legal issues: Rate of interest · Period of interest · Stay of proceedings pending appeal
Outcome: Defendant's application for stay of proceedings dismissed; defendant ordered to pay judgment sum plus interest and costs of stay application.