9 Nov 2012
FASTWAY TECHNOLOGY LTD v. ASIABOND CO LTD
- Citation
- FASTWAY TECHNOLOGY LTD v. ASIABOND CO LTD
- Court
- District Court
- Case number
- DCCJ3442/2011
Plaintiff entitled to pre-judgment interest at 8% per annum from the date the cause of action arose (expiry of the pre-action letter: 7 days from 11 Feb 2011) until the date of judgment because the assignment and notice were effective, the defendant unreasonably refused to give consent/indemnity for the cheque presentation and is estopped from challenging the assignment after consenting to judgment on admission; costs ordered nisi in favour of plaintiff for the action and the interest issue.