Read the full judgment text of HCA 001767/1999 on BabelCite. This High Court CFI judgment was delivered on 24 July 2001.
1. This is an application by the plaintiffs for summary judgment against the defendant on an action on a guarantee, and a cheque for $27,998,759.20 given as additional security for sums secured by the guarantee. At the hearing of this matter I gave judgment as sought, albeit for a lesser sum, a prepayment having been conceded by the plaintiff, and now give my reasons for so doing.