Read the full judgment text of CACV 156/2019 on BabelCite. This Court of Appeal judgment was delivered on 6 November 2020.
2. 1 The plaintiff’s case is a simple one. The parties had entered into a written loan agreement dated 30 November 2011 by which the plaintiff lent a sum of RMB 70,000,000 (‘the Loan’) to the defendant in order to fund the defendant’s investment in Triplex International Biosciences Co. Ltd. (‘Triplex’), a Hong Kong company of which the defendant is currently the chairman and president. The terms and conditions of the loan agreement contained the following :
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