Read the full judgment text of CACV 103/2020 on BabelCite. This Court of Appeal judgment was delivered on 11 October 2021.
1. The proceedings below arose out of a subscription agreement dated 29 April 2015 whereby the defendant issued the notes to the plaintiff for a subscription amount of HK$10 million. The plaintiff raised two complaints. One of which was that the defendant had failed to pay the first interest payment on 31 March 2016 in the manner as prescribed by Conditions 4 and 5 of the notes, which constituted a payment default under Condition 8(i) of the notes, entitling him to early redemption of the whol
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