Read the full judgment text of HCA 008485/1983 on BabelCite. This High Court CFI judgment was delivered on 27 October 1988.
1. The plaintiff Wing Lung Bank Ltd. ('the Bank') in this action is suing the defendants for $1,367,232.72 together with interest from 16th June 1983 to judgment. During 1980 the parties entered into a number of forward exchange contracts under which the 1st defendant agreed to deliver to the Bank in United States dollar currency the sums payable under the contracts on the specified delivery dates. The Bank claims that in respect of 5 of the exchange contracts, the 1st defendant failed to make d