Read the full judgment text of HCSD 000038/1999 on BabelCite. This HCSD judgment was delivered on 16 November 1999.
1. Statutory demands were served on Hui Shu Leung ("the 1st Applicant") and his wife Hui Sung Man Wai Cindy ("the 2nd Applicant") by the Hongkong and Shanghai Banking Corporation Limited ("the Bank") on 31 August 1999. The Bank had granted a home loan to the 2nd Applicant for the purchase of a house in Clearwater Bay. It had also made banking facilities available to a company called Happy Youth Company Limited ("the Company") which the Applicants control. The 1st and 2nd Applicants provided a jo