Read the full judgment text of HCA 006585/1987 on BabelCite. This High Court CFI judgment.
1. The plaintiff and the defendant are both Hong Kong companies. On the 1st April 1986, an agreement was entered into between them for the construction of the Mandarin Hotel in Guilin. The arrangement made under the 1986 Agreement was somewhat peculiar. Suffice it for me to say that under it, US$157,500, being advanced deposit payment, was paid by the plaintiff to the defendant.