13 Dec 2019
CHINA CITIC BANK INTERNATIONAL LTD (formerly known as Citic Bank International Limited) v. UPWAY INVESTMENT LTD AND OTHERS
- Citation
- [2019] HKCFI 2779
- Court
- Court of First Instance
- Case number
- HCMP2733/2016
The court held that the Master Agreement and the FXA Contracts were valid and enforceable, that the defendants committed an Event of Default by non-payment which continued, and that the plaintiff was entitled to exercise its contractual close-out rights and recover sums payable under the agreements.