23 Jun 2015
ELCO HOLLAND BV v. AIRWELL AIR CONDITIONING (ASIA) COMPANY LTD
- Citation
- ELCO HOLLAND BV v. AIRWELL AIR CONDITIONING (ASIA) COMPANY LTD
- Court
- Court of First Instance
- Case number
- HCA741/2014
No implied term existed obliging the plaintiff to extend the maturity date; the Shareholders' Loan Agreement was a freestanding commercial contract which could only be varied in the manner it itself prescribed (written agreement of the parties), and the requirements for implying a term were not met because implication would contradict express provisions and was not necessary for business efficacy.