22 Jul 1999
STANDARD CHARTERED BANK AND ANOTHER v. SHANTOU INTERNATIONAL TRUST AND INVESTMENT CORPORATION
- Citation
- STANDARD CHARTERED BANK AND ANOTHER v. SHANTOU INTERNATIONAL TRUST AND INVESTMENT CORPORATION
- Court
- Court of First Instance
- Case number
- HCA10174/1997
The court granted partial summary judgment: the guarantee is enforceable at least to the extent of the indebtedness admitted and paid into court (12,175,113.76), dismissed the defendant's bare assertion of PRC law invalidity for want of particulars, rejected deduction of arbitration costs from the indebtedness, indicated that 23,929,262.81 with 5.25% interest would be the sum for which judgment ought to be given, but refused to grant summary judgment for the remaining balance and gave the defendant unconditional leave to defend as to that balance.