Read the full judgment text of CACV 001153/2001 on BabelCite. This Court of Appeal judgment was delivered on 24 January 2003.
1. This is an appeal from a judgment of Sakhrani J given on 29 May 2001. The matter before the judge was an appeal from the Master, who had given the defendant leave to defend this action conditional on the payment into court of the sum of HK$2 million. The judge allowed the appeal and gave judgment for the full amount claimed of HK$2,500,000.00 together with interest at the rate of 25% per annum until payment. At the conclusion of the hearing, this appeal was dismissed and we now give our reaso