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1. The plaintiff in these proceedings is a bank. (I shall refer to it as "the creditor".) It has lent substantial sums of money to one Cyril Fung and to various companies associated with Cyril Fung and his brother Kenneth Fung. (I shall refer to these borrowers collectively as "the principal".) The defendant, Robert Fung, is a third brother who, by a series of contracts of guarantee (the first of which was given in 1983), has guaranteed payment to the creditor of the monies owing to it by the pr