Read the full judgment text of HCA 003319/1998 on BabelCite. This High Court CFI judgment was delivered on 28 October 1999.
1. In June 1996, the Defendant entered into a loan agreement (the "Loan Agreement") with a Mr S.B. Tang ("Tang") whereby the Defendant would lend about $32 million to Tang. Clause 3 of the Loan Agreement required :