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Hong Kong
Leading Case
liquidated damagesgenuine pre estimateliquidated damages
Philips Hong Kong Ltd v Attorney General of Hong Kong
(1993) 61 BLR 41 (PC)
Key Principle
A liquidated-damages clause is enforceable if it is a genuine pre-estimate of likely loss; the court should not strike it down merely because hypothetical scenarios could produce a sum exceeding actual loss, giving weight to freedom of contract.
Area of Law
Contract & Commercial
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