25 Oct 2002
THE INDUSTRIAL & COMMERCIAL BANK OF CHINA, SHENZHEN BRANCH v. NEW INTERNATIONAL (GROUPS) LTD.
- Citation
- THE INDUSTRIAL & COMMERCIAL BANK OF CHINA, SHENZHEN BRANCH v. NEW INTERNATIONAL (GROUPS) LTD.
- Court
- Court of First Instance
- Case number
- HCA18944/1998
Summary judgment was properly entered and is affirmed because Hong Kong had jurisdiction by service and defendant's participation; the defendant failed to discharge the burden to prove that the Loan Agreement was invalid under PRC law or that it had no personal liability as agent; allegations were bare and unparticularized; payments by the defendant evidenced liability; post-judgment recovery by the plaintiff does not vitiate the judgment; stay pending appeal was not justified.