Read the full judgment text of HCMP 1102/2019 on BabelCite. This High Court CFI judgment was delivered on 5 May 2020.
1. In my Decision dated 19 March 2020 [1] , I hold that the Company failed to pay the first Interest Payment to Huang on 31 March 2016, which constituted a breach of Conditions 4 and 5 of the Notes and, in turn, a “payment default” under Condition 8(i). Huang was entitled to seek early redemption of the Notes, which he did through the notice of redemption contained in PMT’s letter of 16 August 2016. The Company was ordered to pay HK$10 million (being the outstanding principal of the Notes) toget
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