Read the full judgment text of DCCJ 000174/2006 on BabelCite. This District Court judgment.
1. Worlder Shipping Ltd. is guarantor of a debt of $125,000,000 due by Ten Cen International Finance Company Ltd. to Bank of China. In May 2001, Worlder was requested by the Bank to make a token payment of $100,000 a month, as a sign of its commitment to meet its obligations as guarantor to repay the debt. The monthly sum was to be paid into a separate, independent account and Worlder claims that the Bank had agreed to repay all monies in the account to Worlder after settlement of Ten Cen's de
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