Hong Kong penalty clausedeposit forfeiture

Polyset Ltd v Panhandat Ltd

(2002) 5 HKCFAR 234

JurisdictionHong Kong

CourtHong Kong Court of Final Appeal

Year2002

StatusBinding authority

Key Principle

The Court of Final Appeal established the approach for determining whether a vendor's right to forfeit deposits constitutes a penalty clause.

contract

Get a detailed analysis of Polyset Ltd v Panhandat Ltd and how it applies to your situation.