Read the full judgment text of HCA 001176/2005 on BabelCite. This High Court CFI judgment.
1. Sharp Merit International Ltd (“Sharp Merit”), of which Ma Bo Kee (“Ma”) is a director had a margin securities trading account with Sun Hung Kai Investment Services Ltd (“SHKIS”), by which SHKIS lent Sharp Merit money. Ma guaranteed the loan. For reasons which appear below, SHKIS called in Sharp Merit’s debt. It was not paid. SHKIS accordingly sued both defendants, Sharp Merit on the loan agreement and Ma on the guarantee, and applied for summary judgment against both. Because of liquida