Read the full judgment text of HCA 281/2022 on BabelCite. This High Court CFI judgment was delivered on 30 June 2023.
1. The parties do not dispute that on 7 March 2016, they entered into a Loan Agreement whereby the Plaintiff agreed to advance USD1 million to the Defendant (“ Contract ”). The Contract contains an arbitration clause, which provides that in the event of disputes which cannot be settled by mediation, the parties agree to arbitrate their dispute in Chengdu, applying PRC law: