5 Nov 2012
CHINA AGRICULTURAL FINANCE CO LTD v. CHARMARK INVESTMENT LTD AND OTHERS
- Citation
- CHINA AGRICULTURAL FINANCE CO LTD v. CHARMARK INVESTMENT LTD AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA630/2007
Plaintiff proved the debt and that limitation did not bar the claim because defendants acknowledged liability and made repayments within the limitation period; Money Lenders Ordinance formalities were complied with; assignment notice was given; guarantees remained valid and independent; and the assignment was not champertous because the plaintiff had a genuine corporate commercial interest — therefore judgment for plaintiff was properly entered for the sums claimed with interest.