18 Mar 1986
FOREIGN EXCHANGE & INVESTMENT LIMITED v. LIU CHONG HING BANK LIMITED
- Citation
- FOREIGN EXCHANGE & INVESTMENT LIMITED v. LIU CHONG HING BANK LIMITED
- Court
- Court of Appeal
- Case number
- CACV93/1985
The appeal was dismissed because the Plaintiff failed to prove that the Defendant had notice of the Plaintiff's equitable charge over the excess insurance proceeds; the Defendant held a prior equitable charge securing its debt and validly applied the realized proceeds and set off against Oriental's indebtedness.