NHD SYSTEMS (ASIA) LTD (IN LIQUIDATION) v. LI XIAO YI
The court dismissed a liquidator’s claim for an alleged US$1 million loan, holding the documents were equivocal and did not prove any concluded loan agreement.
- Liquidator duties
- Discovery obligations
- Implied contract by conduct
- No case to answer
- Witness honesty and perjury
- Disqualification proceedings