Read the full judgment text of HCMP 5172/2002 on BabelCite. This High Court CFI judgment was delivered on 26 July 2006.
1. Today was meant to be the first day of the trial of these Originating Summons proceedings. The proceedings are brought by the Wing Hang Bank Limited (“the Bank”) against two defendants, Kit Choy Development Limited (“Kit Choy”) and Mr Choy Bing-wing (“Mr Choy”), who is the major shareholder of Kit Choy. The claim against Kit Choy is based on a legal charge which Kit Choy gave to the Bank over certain properties which it owned. The claim against Mr Choy is based on various guarantees which