Read the full judgment text of HCCL 256/1998 on BabelCite. This HCCL judgment was delivered on 17 March 2000.
1. In this case the plaintiff, a Japanese bank ("Sumitomo"), by a writ issued on 26 October 1998, seeks judgment against each of the defendants in the sum of HK$217 million, together with interest thereon and costs. This figure represented the principal sum under a term loan provided by Sumitomo to the 1st defendant ("Xin Hua Estate") pursuant to a Facility Agreement dated 26 March 1997 (as amended) for the purpose of financing the required down-payment for the purchase of a building in Hong Kon
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