Read the full judgment text of HCA 001087/2006 on BabelCite. This High Court CFI judgment was delivered on 21 January 2008.
1. In this action, the plaintiff (“Glories Faith”) claims repayment of a debt in the amount of HK$3,000,000. The debt was allegedly incurred by the defendant (“Mr Abbott”) in an oral loan agreement allegedly made between Mrs Gloria Khin Khin Hla Green (“Mrs Green”) as lender and Mr Abbott as borrower in 2002. Although Mrs Green was said to be the lender, by a Deed of Assignment dated 28 April 2006 she assigned the benefit of the loan to Glories Faith, a company owned and controlled by her. No