Read the full judgment text of HCA 011040/1999 on BabelCite. This High Court CFI judgment was delivered on 16 July 2001.
1. In these proceedings the plaintiff claims against the defendants sums claimed to be due under a guarantee signed by them and dated 1 December 1993 by which they undertook to be liable to the plaintiff for money owing to the plaintiff by Shando International Ltd (Shando) in respect of banking facilities granted to Shando. The guarantee was a continuing guarantee and the liability of each guarantor thereunder was described as unlimited. By May 1999 Shando was indebted to the plaintiff to the ex