Penta Investment Advisers Ltd v Allied Weli Development Limited(formerly known as Hennabun Capital Group Limited)

Read the full judgment text of HCA 1656/2012 on BabelCite. This High Court CFI judgment was delivered on 21 January 2015.

1. On 14 October 2014, I handed down my judgment on liability (“the Judgment”). I granted a declaration that the deed of guarantee dated 24 June 2011 (“the Deed”) was binding on the defendant (“Hennabun”) and enforceable against it by the plaintiff (“Penta”), and I directed that the amount due to Penta from Hennabun under the Deed, or by way of damages for repudiatory breach thereof, be assessed at a further hearing (“the quantum hearing”).

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