13 May 2010
BANK OF CHINA (HONG KONG) LTD v. HONGKONG XIN DU WEAVE CO., LTD AND OTHERS
- Citation
- BANK OF CHINA (HONG KONG) LTD v. HONGKONG XIN DU WEAVE CO., LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1034/2009
Principal outstanding fixed at $1,578,252.04; plaintiff not entitled to default interest at 6% above HK$ prime absent evidence of a valid determination or certificate under the Agreement, therefore interest awarded at 5% per annum on the net amount after deduction of an interest rebate calculated by the Rule of 78 from 10 December 2008 until payment; plaintiff ordered to file affirmation of the rebate within 7 days; costs awarded on indemnity basis gross-sum $13,800.