Read the full judgment text of HCA 002243/1995 on BabelCite. This High Court CFI judgment.
1. This appeal from the refusal of the Master to set aside a Default Judgment dated 7th April 1995 is yet another instance of a frequent feature of the commercial litigation life in Hong Kong where banks which were perfectly happy to advance money to a company or a group sought (by way of receiver and in the name of the customer company) after the collapse of that company, to recover money which it claimed had been improperly lost by the company as result of impropriety in the former management