Read the full judgment text of CACV 000161/2008 on BabelCite. This Court of Appeal judgment was delivered on 6 March 2009.
1. The plaintiff sued the defendants as guarantors of money advanced by the bank to two companies, namely Sino Trade Asia Limited (‘Sino Trade’) and Surplus Trader Limited (‘Surplus Trader’). The sum claimed was US$17,860,028.72. The plaintiff obtained summary judgment against the defendants in the sum of US$17,357,505.53 from Master Yu. The defendants’ appeal to Fung J was dismissed. The defendants now appeal against Fung J’s judgment to this Court.
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