Read the full judgment text of CACV 278/2010 on BabelCite. This Court of Appeal judgment was delivered on 11 October 2011.
1. By a shipbuilding contract dated 2 July 2008 (“the Agreement”) made between Dragon Pearl Night Club Restaurant Limited (“Dragon Pearl”) and Leung Wan Kee Shipyard Limited (“LWK”), LWK agreed to build a 50 metre-long steel twin screw passenger cruiser in its shipyard in Wuzhou city in Guangxi province, in accordance with certain technical specifications annexed to the Agreement, at the price of HK$19,200,000 to be paid within 7 days of:
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