Read the full judgment text of HCA 003384/2001 on BabelCite. This High Court CFI judgment was delivered on 10 December 2004.
1. This was the trial of two consolidated actions, each of which involved claims by ASG Brokerage Limited (“ASG Brokerage”) and ASG Finance Limited (“ASG Finance”) against Mr Arthur Lai Cheuk Kwan (“Mr Lai”) in respect of guarantees signed by Mr Lai in their favour, by which Mr Lai guaranteed the debts of a company called Bowen Limited (“Bowen”) and an individual by the name of Chan Wan Yu (“Ms Chan”), arising out of margin trading facilities provided to Bowen and Ms Chan by ASG Brokerage and/or
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