Wharf (Holdings) is preparing to file post-trial motions contesting the US$125.5 million court ruling against it in Denver last month. The move follows the formal entry of the trial court judgment last week of the jury's decision to award the damages to American cable-television company United International Holdings (UIH). Wharf director John Hung said: 'We will be asking the Denver District Court - and if necessary the United States Court of Appeal - to overturn the verdict or at least substantially reduce the award. 'We even intend to fight this judgment [all the way] to the Supreme Court in Washington DC if that is required.' Mr Hung said Wharf believed it had strong grounds for taking the steps but the process would take many months to complete. On April 29, the Denver jury found Wharf Communications Investments and Wharf director Stephen Ng Tin-hoi guilty of reneging on an oral promise to allow UIH to acquire 10 per cent of Wharf Cable. UIH claimed the agreement was struck between Mr Ng and UIH vice-chairman Mark Schneider when the two met in Mr Schneider's Denver office in 1992. Mr Hung said Wharf's appeal would centre on the fact UIH was not able to provide a single piece of written documentation supporting its allegation. He said: 'The Wharf companies and Mr Stephen Ng, against whom claims were brought, made no promises and entered into no contracts to give UIH an option. 'The plaintiffs could produce no document mentioning such an option.' Mr Hung said Wharf would also continue in its appeal process to challenge the exercise of jurisdiction issue and bring the case back to Hong Kong, where the bulk of the parties' negotiations took place and where it would be tried under Hong Kong law. 'The dispute involved an alleged right to invest in a closely regulated Hong Kong business by a US company that chose to establish an office in Hong Kong and to carry on extensive operations here,' Mr Hung said. 'UIH approached and solicited Wharf in Hong Kong. The bulk of the parties' negotiations took place in Hong Kong.' Mr Hung said Wharf would also argue that crucial evidence about Wharf Cable's financial position was denied to the jury and that influenced the final amount of damages. Since it started to operate in 1993, Wharf Cable has suffered substantial losses and is not expected to achieve an annual profit before tax until 2000. Mr Hung said that if UIH had been allowed to invest $50 million as it had planned, half that amount would now have been lost. 'The damages awarded are completely unjustified, as they place UIH in a much better position than it would have been had it made an investment,' Mr Hung said.