Read the full judgment text of HCA 2443/2008 on BabelCite. This High Court CFI judgment was delivered on 30 November 2011.
1. By these proceedings, Tele-Art Inc. (“TAI”), a BVI company in liquidation, claims an account from Bank of China (Hong Kong) Limited (“the Bank”) in respect of the proceeds arising from a sale by the Bank of shares in Nam Tai Electronics, Inc. (“Nam Tai”), which TAI had pledged to the Bank as security for loans advanced by the Bank to TAI’s subsidiary, Tele-Art Limited (“TAL”), a Hong Kong company which is also in liquidation.
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