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Whirlpool winner of repayment ruling

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Whirlpool SMC Microwave Products has won a HK$24.4 million court judgment in Guangdong's Zhong Shan city over the payment of goods sold to a mainland company.

Whirlpool said it had delivered products to Jia Xin Electricity Appliance over a substantial period of time, but many of the contracted payments had not been made.

The court called upon an accounting firm for expert advice.

Meanwhile, Whirlpool's legal counsel had arranged at the start of litigation to have the defendant's assets frozen, to ensure payment of the debt upon judgment.

Whirlpool said its counsel, Brand Farrar Buxbaum, submitted a successful application for penalty payments, thus restricting further delays by the defendant in paying the money it owes.

The judgment held that Jia Xin should pay Whirlpool 26.1 million yuan (about HK$24.4 million) for the goods.

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