WILLIAM YOUNG HONG YUIANTONIO YOUNG SHAU YANGALLEON INDUSTRIAL LIMITED v BANK OF CREDIT AND COMMERCE HONG KONG LIMITED (IN LIQUIDATION)

Read the full judgment text of HCMP 000806/1993 on BabelCite. This High Court CFI judgment was delivered on 29 September 1993.

1. The Plaintiffs were customers of the Defendant before it went into liquidation. The 1st Plaintiff was director of and the 1st and 2nd Plaintiffs were both shareholders in the 3rd Plaintiff. On 27th February 1991, the 1st Plaintiff signed documents to enable credit facilities to be given by the Defendant to the 2nd Plaintiff and 3rd Plaintiff. In each case the documents were: