Read the full judgment text of on BabelCite. was delivered on 22 January 1999.
1. The 1st Plaintiff company ("Sulanser") is in liquidation and the 2nd Plaintiff is the liquidator of Sulanser. The Plaintiffs in this action are suing to set aside the assignment of a property of Sulanser on 10 January 1995 to the 1st Defendant ("China Allied") at the purported consideration of $5 million.