Read the full judgment text of on BabelCite. was delivered on 15 April 1999.
1. This is the Trial of the Action by the Hongkong and Shanghai Banking Corporation ("the Bank") to recover a sum of about $11 million against the 1 st , 2 nd and 3 rd Defendants as guarantors under a Guarantee dated 31 st March 1989 ("the 2 nd Guarantee") which was given in respect of banking facilities granted by the Bank and available to Engstrong Ltd. ("Engstrong"), Texxan Industries Ltd. ("Texxan") and Chino Industries Ltd. ("Chino"). The 1 st Defendant who is the father and the 2 nd Defend