Hylands Obtains a Favorable Ruling in the China International Economic and Trade Arbitration Commission on Behalf of a Brokerage Company

The court of the first instance held that the liquidated damages should be mainly compensatory and the number of liquidated damages should be reduced.  Hylands continued to appeal acting on behalf of the Studio.  The court of the second instance finally concluded that if the number of expenses incurred in breach of the contract was less than the amount paid in compliance with the contract, it would be an encouragement to the breach of contract.  Therefore, the court fully supported the litigation request for payment of liquidated damages in the Studio’s appeal of the second instance (the amount of compensation of the modified judgment was more than three times the amount of compensation for the first instance).