4 Jul 2008
GOLDEN METRO CHINA LTD v. TIAN REN CO LTD
- Citation
- GOLDEN METRO CHINA LTD v. TIAN REN CO LTD
- Court
- Court of First Instance
- Case number
- HCAJ194/2006
The court held that there was no proved enforceable oral agreement imposing the three conditions; the Nomination Agreement novated the Head MOA but did not extinguish Tian Ren's obligation under the Sub-MOA to pay the US$1.5 million; the contemporaneous documents and commercial implausibility of the alleged conditions outweighed unreliable oral testimony, so Tian Ren was liable to pay US$1.5 million plus interest and costs.