9 Jun 2014
HAIFA INTERNATIONAL FINANCE COMPANY LTD v. CONCORD STRATEGIC INVESTMENTS LTD
- Citation
- HAIFA INTERNATIONAL FINANCE COMPANY LTD v. CONCORD STRATEGIC INVESTMENTS LTD
- Court
- Court of First Instance
- Case number
- HCA4442/2003
On the totality of contemporaneous documentary evidence — bank account records showing receipt of loan proceeds into accounts held by the defendant, consistent use of the defendant's chops on loan documents, the timing and substance of payments and receipts, and the unreliability of the Henry Wan & Yeung letter and audited financial statements attributed to Concord BVI — the court found that Concord Strategic Investments Limited was the borrower of all nine loans and awarded judgment to the plaintiff for the principal sum plus contractual interest and costs.