Ocean Palace Restaurant and Nightclub, which has operated in Tsim Sha Tsui for more than 20 years, is facing imminent closure after it allegedly failed to pay almost $4.5 million in outstanding rents and other charges, a High Court writ said. Wharf Realty is suing Ocean Palace for breaching two tenancy agreements covering the fourth floor in Ocean Centre, Harbour City, Tsim Sha Tsui, and its office on the same floor. However, it was said the defendant failed to live up to its duties and incurred an outstanding payment of almost $4.5 million between March and June. The plaintiff is also seeking an unspecified sum of damages.
