Read the full judgment text of HCA 1243/2024 on BabelCite. This High Court CFI judgment was delivered on 2 July 2025.
1. By a Loan Agreement dated 18 October 2005 Sonangol agreed to make available to CSIL a loan facility for the principal amount of US$200 million. CSIL was to repay the principal in a lump sum by the Loan Agreement’s maturity date of 31 December 2014. Interest would accrue on the principal at 2.50% per annum. Interest was payable every 12 months. There would be an event of default if CSIL failed to pay any amount when due under the Loan Agreement. Upon the occurrence of an event of default, So