Read the full judgment text of HCCW 233/2020 on BabelCite. This High Court CFI judgment was delivered on 22 January 2021.
1. On 29 September 2017 the Industrial and Commercial Bank of China (Asia) Limited (“ ICBC ”) entered into a facility agreement with LT Commercial Limited (“ LT ”). The facility was for HK$1,500,000,000 and was made available to reduce the debt of six members of LT Commercial Real Estate Limited, which is listed on the Main Board of the Stock Exchange of Hong Kong Limited. The terms of the facility were varied by a consent and variation letter dated 10 May 2019 pursuant to which Lerthai Group
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