Read the full judgment text of HCA 006554/1987 on BabelCite. This High Court CFI judgment was delivered on 25 February 1988.
1. The 1st Defendant herein is a company registered in Vancouver, Canada. It is the case for the Plaintiff that on the 6th November 1986 it entered into a loan agreement with the Plaintiff in Hong Kong under which the sum of US$300,000 has been advanced. Interest was to be at 1½% above LIBOR, a term defined in the agreement. On the 3rd November the 2nd Defendant entered into an agreement whereby he guaranteed payment of any amount owing to the Plaintiff to the 1st Defendant under the loan agreem