China Overseas Building Construction Co Ltd v. Profit Nation Development Ltd

Read the full judgment text of HCA 3521/2003 on BabelCite. This High Court CFI judgment was delivered on 9 June 2004.

1. In this action the plaintiff sues the defendant on a dishonoured cheque in the sum of $11,402,800.

Cited by 1 case

Case No.HCA 3521/2003
Court
High Court CFI
Date09 Jun 2004
Judge
Case Document
100%Judiciary

HCA003521/2003

HCA3521/2003

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

ACTION NO. 3521 OF 2003

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BETWEEN
CHINA OVERSEAS BUILDING CONSTRUCTION COMPANY LIMITED Plaintiff
AND
PROFIT NATION DEVELOPMENT LIMITED Defendant

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Coram: Hon Tang J in Chambers

Date of Hearing: 19 May 2004

Date of Judgment: 9 June 2004

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J U D G M E N T

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1.In this action the plaintiff sues the defendant on a dishonoured cheque in the sum of $11,402,800.

2.The same parties are involved in HCA2008/2003.

3.The judgment in HCA2008/2003 ("the Judgment") will be delivered at the same time as this judgment, where the same arguments were raised and dealt with.

4.I repeat paras. 1-44 of the Judgment, and I order judgment in favour of the plaintiff in the sum of $11,402,800 with interest at the rate of 1.75% per annum above HSBC's prime lending rate from time to time until judgment, thereafter at the judgment rate until payment.

5.I make an order nisi that the plaintiff is to have the costs of the action.

(Robert Tang)
Judge of the Court of First Instance
High Court

Representation:

Mr Warren Chan, SC & Mr Law Man Chung, instructed by Messrs Lily Fenn & Partners, for the Plaintiff

Mr Clifford Smith, instructed by Messrs Gallant Y.T. Ho & Co., for the Defendant