Read the full judgment text of HCA 004619/1988 on BabelCite. This High Court CFI judgment was delivered on 12 June 1990.
1. In December, 1983 the Plaintiffs held 25% of the shares in Mei Yee Limited and John Allen Limited ('the two companies') both of which were involved in the jewellery trade. The remaining shares in the two companies were held by the Defendant and two others, one of whom was John Rae and the other John Ip. In order to secure credit facilities for the two companies each of the four shareholders had given personal guarantees to the lending banks one of which was the Algemene Bank Nederlands N.V. (