29 Sept 2025
JIANGSU SHAGANG MATERIALS TRADING CO., LTD v. DAILY-TECH HONGKONG CO., LTD
- Citation
- [2025] HKCFI 4377
- Court
- Court of First Instance
- Case number
- HCA1093/2022
Defendant failed to establish any bona fide triable issue: contemporaneous documents evidenced Defendant's request or acquiescence to the Guarantee giving rise to a presumption of indemnity which Defendant did not credibly rebut; there was no evidence Defendant was not liable to Global; clause 3(a)(ii) ceased to operate upon Global's Notice of Termination (confirmed by email) so Plaintiff's claim was not premature; accordingly summary judgment was appropriate and judgment entered for Plaintiff for HK$401,185,002.95 plus interest and costs nisi.