Read the full judgment text of HCMP 004001/1997 on BabelCite. This High Court CFI judgment was delivered on 18 June 1998.
1. The Plaintiff ("Liggars") is a company incorporated in the British Virgin Islands. It is the borrower under a Loan Agreement dated 29th November 1996 ("the Loan Agreement") entered into with the 2nd Defendant ("Universe"), a Hong Kong company, as lender. The purpose of the loan was to provide the Plaintiff with short term finance in the aggregate amount of HK$450,000,000.00. The Loan Agreement was subsequently varied by two Deeds of Variation, the details of which are not immediately relevant