Read the full judgment text of HCA 2327/2017 on BabelCite. This High Court CFI judgment was delivered on 3 June 2020.
1. This action is for recovery of debt. The debt arose from a straightforward borrowing. The 1st Defendant borrowed a sum of HK$150 million and later a further sum of HK$104,764,398 from the Plaintiff. They signed a Facility Agreement and executed a number of deeds, with the 2nd Defendant and the 3rd Defendant signing and executing as guarantors of the loan. The Defendants never repaid the principal and any interest thereon. The Plaintiff therefore commenced these proceedings.
Cited by 4 cases · Cites 5 cases