Read the full judgment text of HCA 000054/1999 on BabelCite. This High Court CFI judgment was delivered on 21 June 2001.
1. The plaintiff claims that it advanced 2 short term loans to Hall (PRC) Company Limited ("the Borrower") in 1996. The plaintiff did not know the Borrower and had not met any person from the Borrower. The plaintiff charged a 3% "arrangement/administrative fee" and 2% per month interest (as the first month's interest had been deducted from the advance, the effective rate was higher) on the first 9-month loan and 4% "arrangement/administrative fee" and 2% per month interest (as the first month's