Read the full judgment text of HCA 008599/1999 on BabelCite. This High Court CFI judgment was delivered on 10 October 2002.
1. In 1990, the Plaintiff, Mr. Lam Shing Tung, (Mr. Lam) opened a current account (the account) with the defendant, The Daiwa Bank Ltd, (the Bank). The account was maintained at the Bank's Tsim Sha Tsui Branch. The operating mandate provided for only Mr. Lam to operate the account. The Bank granted Mr. Lam an overdraft facility secured by a legal charge on his property, Flat G, 15/F, 91 Sai Yee Street, Mongkok (the mortgaged property).