Read the full judgment text of HCA 000652/1992 on BabelCite. This High Court CFI judgment was delivered on 27 May 1994.
1. In September 1991, the balance of a debt amounting to HK$1,469,561.43 had been outstanding from the Hyatt Regency Hotel (Hyatt) Xian, China to the defendant, an advertising and marketing agent incorporated in Hong Kong for about two years. After this length of time, the defendant was prepared to write off the sum due as a bad debt. However, in a final effort to secure payment, the defendant entered into a subscription agreement dated the 11th September 1991 with the plaintiff, a debt collecti