Read the full judgment text of HCA 006915/1996 on BabelCite. This High Court CFI judgment was delivered on 18 November 2003.
1. The Plaintiff ("CGW Finance") in its Re-Amended Statement of Claim ("RAMSOC") pleads that by a written agreement ("the Loan Agreement"), which came into existence before 20 May 1990, CGW Finance agreed to lend US$4.3 million to the Defendant ("Wonderyouth") at a rate of 7% per year for the purpose of purchasing and renovating La Salle Court, 30 La Salle Road, Kowloon ("the Property"). RAMSOC says that in breach of the Loan Agreement a substantial part of the loan has remained unpaid.
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