1 Aug 1997
INTERETUD S.A. AND ANOTHER v. GOLDEN GLORY INTERNATIONAL CONSULTANCY LIMITED
- Citation
- INTERETUD S.A. AND ANOTHER v. GOLDEN GLORY INTERNATIONAL CONSULTANCY LIMITED
- Court
- Court of First Instance
- Case number
- HCCL115/1996
The Escrow Agreement was a temporary mechanism to permit blank-dated drafts to be signed until interest and amounts were ascertained; the defendant assented to the repayment schedule at the Paris meeting so the bills were validly completed and negotiated, entitling the Plaintiffs to judgment on the dishonoured bills and on the guarantee after deducting the cash deposit; interest awarded on principal at 8% and costs on party-and-party basis.