13 Apr 2000
BANK OF COMMUNICATIONS, HONG KONG BRANCH v. YENWIN INVESTMENTS LTD. AND OTHERS
- Citation
- BANK OF COMMUNICATIONS, HONG KONG BRANCH v. YENWIN INVESTMENTS LTD. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA6014/1999
The plaintiff established a contractual and documentary basis (facility letter, undertaking and security agreement) and demonstrated a consistent course of dealing authorising debiting of interest from the bills account to the current account; the undertaking expressly permitted compound interest; the plaintiff's witness evidence and documents were accepted and the defendant failed to adduce oral evidence or successfully challenge calculations, therefore judgment for the plaintiff for the claimed principals and interest was entered.