INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LIMITED (formerly known as UNION BANK OF HONG KONG LIMITED) v MESSRS B C CHOW & COMPANY (sued as a firm)

Read the full judgment text of HCA 001792/2001 on BabelCite. This High Court CFI judgment was delivered on 30 January 2004.

1. In March 1996 Mr David Wong Chor Chiu ("Wong"), then trading as Hoi Choi Timber Company ("Hoi Choi"), applied to the Plaintiff ("the Bank") for general banking facilities. As security for the facilities Wong To Shiu Mui ("Mrs Wong"), Wong's wife, agreed to charge the property known as Flat E, 1st Floor, Block 2, Neptune Terrace, 11 Tai Man Street ("the Property"), which was registered in her name. Pursuant to the Bank's practice of requiring the provider of security to be personally liable as