9 Jun 2020
HABIB BANK ZURICH (HONG KONG) LTD (FORMERLY KNOWN AS HBZ FINANCE LTD) v. CREATION CASTLE LTD AND OTHERS
- Citation
- [2020] HKCFI 1062
- Court
- Court of First Instance
- Case number
- HCA466/2018
Summary judgment was granted because the defendant company failed to raise any credible or triable defence: the company had made an unequivocal admission of liability and the bank's certified account was conclusive absent manifest error; disputed transactions were either admitted, irrelevant due to set-off or unsupported; the facility and customer agreements lawfully permitted termination on demand without an implied irrationality limitation; the 3rd defendant's denials of signature lacked credibility in light of documentary evidence and inherent probabilities; accordingly the plaintiff was e…