Read the full judgment text of HCA 1887/2011 on BabelCite. This High Court CFI judgment was delivered on 31 January 2013.
1. On 11 March 2011 the plaintiff and defendant entered into a provisional agreement whereby the plaintiff would purchase and the defendant would sell a commercial unit in the Peninsula Centre, Kowloon for $18,000,000. On 18 March the plaintiff paid an initial deposit of $500,000. A second deposit of $1,300,000 was due to be paid on 7 April 2011 upon the signing of a formal agreement. The balance was agreed to be paid on completion on 13 October 2011.
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