Read the full judgment text of HCA 521/2021 on BabelCite. This High Court CFI judgment was delivered on 25 May 2023.
1. The defendant (“ D ”) says that the plaintiff (“ P ”) owes him HK$24,000,000 (the “ Principal Balance ”). That sum is said to be the outstanding balance of the principal debt in the sum of HK$28,000,000 (the “ Alleged Deb t”). D has pleaded a counterclaim in that regard, and on 17 May 2022 took out a summons (the “ Summons ”) seeking summary judgment for inter alia that sum. The main issues relate to the enforceability of three Settlement Agreements (the “ 1 st Settlement Agreement ”, “ 2 nd
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