Luxury motor yacht that didn't arrive

PUBLISHED : Thursday, 15 July, 2010, 12:00am
UPDATED : Thursday, 15 July, 2010, 12:00am

A company which sells luxury yachts is being chased by one of its clients for repayment of GBP802,200 (HK$9.42 million) which he claimed was a 30 per cent down payment for a luxury yacht that the company failed to deliver to him. In the writ, Lam Ching-wah claimed Master Yachts Company contracted to sell him a Princess V85 motor yacht for GBP2.67 million by February this year, but did not deliver it. Master Yachts was then the agent and distributor for Princess, the writ says.