Read the full judgment text of HCCW 000238/2002 on BabelCite. This High Court CFI judgment was delivered on 24 June 2002.
1. This is a petition presented by J H Y International Inc against Sinocan Holdings Ltd ("the Company") on the basis of a debt in the sum of HK$567,084,300.00. The debt is not disputed by the Company. It arose out of an agreement dated 13 October 1999 entered into between the petitioner, twenty-one creditor banks of the Company and the Company, pursuant to which the banks irrevocably assigned to the petitioner all the banks' rights, title and interest under various loan and other facility docume