Read the full judgment text of HCA 002976/2001 on BabelCite. This High Court CFI judgment was delivered on 31 July 2002.
1. In this action, the Plaintiff claims against both Defendants in respect of a bank loan made in August 1998. The 1st Defendant was the borrower and the 2nd Defendant was the guarantor. The loan documentations were in Chinese and were prepared by a solicitors firm in Hong Kong. Both Defendants are Hong Kong companies whilst the Plaintiff is a bank carrying on business in mainland China. The loan amount was US$12 million and it was for a fixed term of 10 months. The loan agreement was executed b
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