29 Apr 2021
FEI (SOPHIE) SUO v QIAO YANG [2021] NZHC 940
- Citation
- [2021] NZHC 940
- Court
- High Court
On the balance of probabilities the payments totalling $500,000 were advances forming a loan, the parties executed a loan agreement documenting that loan and its security option, the plaintiff did not elect to take shares and properly demanded repayment, and the defendant failed to repay; judgment entered for the plaintiff for principal, contractual interest from date of demand and statutory post‑judgment interest and costs.