5 Jun 2001
HUA CHIAO COMMERCIAL BANK LTD. v. KEEN LLOYD INTERNATIONAL (HOLDINGS) LTD. AND ANOTHER
- Citation
- HUA CHIAO COMMERCIAL BANK LTD. v. KEEN LLOYD INTERNATIONAL (HOLDINGS) LTD. AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCMP7183/1999
The court found the alleged oral assurance that the loan was a fixed five-year facility was inherently incredible given the written facility letter, the subsequently executed charge, the conduct of the parties and surrounding commercial realities; no bona fide triable factual issue was established and the sale was conducted properly after independent valuation, therefore the appeal was dismissed and judgment for the bank was affirmed.