Read the full judgment text of on BabelCite. was delivered on 20 February 1998.
1. By summons dated 17 February 1998, the joint and several Provisional Liquidators ("the Provisional Liquidators") of Peregrine Investments Holdings Limited (the "Company") sought the court's sanction to enter into a sale and purchase agreement with Banco Santander S.A. ("Santander") relating to certain assets in some of the Company's subsidiaries as well as the shares of its Singapore subsidiary, Peregrine Singapore Securities Pte Ltd ("PSS"). A draft of the proposed agreement ("the draft Agre