1 Aug 2014
PACIFIC HARBOR ADVISORS PTE LTD AND ANOTHER v. WINSON FEDERAL LTD AND OTHERS
- Citation
- PACIFIC HARBOR ADVISORS PTE LTD AND ANOTHER v. WINSON FEDERAL LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1257/2013
Plaintiffs established a clear prima facie case on the written loan and security documents for US$38,000,000; defendants' promissory estoppel defence based on alleged oral representations was not believable, was inconsistent with the contemporaneous signed Amendment Agreements and promissory notes, and did not raise a real prospect of success at trial; accordingly summary judgment was entered for plaintiffs on the monetary claims (principal, specified accrued interest and maintenance reimbursement), with leave for defendants to defend remaining non-monetary claims; costs were adjourned for wr…