7 Nov 2024
HANGZHOU LIANLUO LIAISON INTERACTIVE INFORMATION TECHNOLOGY CO LTD (Also known as HANGZHOU LIAISON INTERACTIVE INFORMATION TECHNOLOGY CO LTD) v. CHINA DIGITAL CULTURE (GROUP) LTD
- Citation
- [2024] HKCFI 3112
- Court
- Court of First Instance
- Case number
- HCA536/2020
The Defendant defaulted on interest payable under the bond terms; that default was not remedied within the 30-day cure period under Condition 9(ii), thereby triggering acceleration and entitling the Plaintiff to immediate repayment of the principal and accrued interest; the Defendant produced no evidence to rebut the claim as it did not attend trial; judgment is therefore entered for the Plaintiff for the sums claimed and costs.