CHINA NONFERROUS METALS (HONG KONG) FINANCE COMPANY LIMITED (In Liquidation) v CHINA NONFERROUS METALS GROUP (HONG KONG) LIMITED (In Liquidation)

Read the full judgment text of HCCL 20/2002 on BabelCite. This HCCL judgment was delivered on 31 July 2012.

1. It cannot be denied that this action has had a long history.  The writ was issued in December 2001 by the 1st plaintiff (“ CNM ”) and the 2nd plaintiff (“ CNMG ”) against the defendants, South-east Asia Investment Holding Company Ltd (“ Company ”) and Ng Hon Leung (“ Director ”), who is a director and shareholder of the Company.  It is claimed that under a loan agreement dated 27 May 1997 (“ 1st Loan Agreement ”), CNM made a loan of HK$70 million to the Company, to be repaid on 6 December 199

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