Read the full judgment text of HCA 022168/1998 on BabelCite. This High Court CFI judgment was delivered on 31 December 2004.
1. By this action, the plaintiff sues the 1 st and 2 nd defendants on the Guarantee dated 23 June 1994 (“Guarantee”) given by the two defendants to the plaintiff as security for a loan of $1,500,000 (“Loan”) made by the plaintiff to Shun Kai Bullion Company Ltd (“the Borrower”). As part of the granting of the said Loan to the Borrower, securities furnished to the plaintiff consisted of firstly, a legal charge of a property owned by the Borrower which legal charge dated 23 June 1994 was register