Read the full judgment text of HCMP 792/1989 on BabelCite. This High Court CFI judgment.
1. These proceedings raise several questions which fall to be answered for the proper resolution of the claims of a number of secured lenders who are in competition with each other over the borrower's interest in "quota" (that "Hong Kong peculiar" as it is called by the Court of Appeal at the outset of its judgment in Hong Kong & Shanghai Banking Corporation v. Star Trans International Limited [1988] 2 H.K.L.R. 549, at p. 550). This creature owes its existence to the Textiles Export Control Syst