Read the full judgment text of HCMP 000228/1986 on BabelCite. This High Court CFI judgment was delivered on 18 June 1986.
1. By tenancy agreement dated 18th August 1983, the plaintiff let certain premises to Atlas Industries Ltd. (which I shall refer to as "Atlas Industries"). The agreement was for a term of 2 years until 31st March 1985 at a monthly rent of $248,392.50. Clause 4(1) provided that to secure the due performance and observance of the terms and conditions the tenant, Atlas Industries, should furnish a bank guarantee for the sum of $248,392.50. Pursuant to C1.4(1) the defendant gave the plaintiff a guar