Read the full judgment text of CACV 000105/1987 on BabelCite. This Court of Appeal judgment was delivered on 1 July 1988 before Kempster, J.A., Clough, J.A., Rhind, J..
Civil procedure – appeal – sale or charge – registration of charges – book debts – Companies Ordinance (Cap 32) s.80 – transaction characterized as sale with repurchase option – not a charge – specific performance – promissory note – assignment terminated – no interest at time of application – appeal allowed in part – order on Official Receiver's summons set aside – appeal against refusal of CMA's application dismissed
Legal issues: Characterization of transaction as sale or charge · Specific performance of promissory note transfer
Outcome: Appeal allowed in part: order on the Official Receiver's summons set aside; appeal against refusal of CMA's application dismissed.