“ For the above reasons, I am satisfied that this is a case suitable for summary judgment. I am also satisfied that the Defendant has not shown any credible defence or raised any triable issue. Accordingly, I enter judgment for the Plaintiff in the amount of US$24,180,000 with interest. Interest shall be calculated at the rate of 1% per month from 27 July 2012 until the date of issue of the writ and 1% above prime rate from that date until the date of this judgment and thereafter at judgment rate until payment. There shall also be a costs order nisi that the Defendant shall pay the Plaintiff’s costs on party and party basis, to be taxed, if not agreed.”
(CHEUNG Man Kit)
Clerk to Deputy High Court Judge To
Summaries and metadata are generated from the judgment. Report an error