In Cai v Chen [2024] QSC 148, the Supreme Court of Queensland considered a dispute over the proceeds from the sale of a property at Hope Island, resulting from a series of agreements between the parties from 2014 to 2023. The court ordered the defendant, Ms Chen, to compensate the second plaintiff, Xiamen Ao Zhong Fortune Investment Ltd (XAZ), in the amount of $330,276.50, reflecting 50% of the net profit from the sale after construction costs were deducted. The court also addressed the division of legal costs, determining that Ms Chen would cover costs incurred by the plaintiffs up until April 2024, while the plaintiffs would pay her costs thereafter. The judgment emphasised the contractual obligations of both parties relating to property management, construction costs, and the distribution of sales profits, ultimately underscoring the necessity for clear agreements in commercial transactions.
top of page
bottom of page