Read the full judgment text of HCA 15309/1998 on BabelCite. This High Court CFI judgment was delivered on 6 December 2001.
1. There is no dispute that on 18 November 1997 the plaintiff by a loan facility agreement extended to the defendant banking facilities of up to US$20,000,000 to be utilised for the cash advances and/or the purchase of securities, options, calls, puts or other investments, plus a further US$5,000,000 for forward foreign exchange contracts. On 9 September 1998 the plaintiff issued proceedings against the defendant for the sum of US$2,456,453.18 being money lent pursuant to the loan facility agree
Cited by 2 cases · Cites 1 case