9 Jul 1987
RE FIRST BANGKOK CITY FINANCE LTD
- Citation
- RE FIRST BANGKOK CITY FINANCE LTD
- Court
- Court of First Instance
- Case number
- HCCW202/1986
The assignment, although expressed as an outright sale, was in substance a loan secured by a charge on the company's book debts (with the promissory note ancillary to that security); that charge was not registered as required by s.80 and is therefore void against the Official Receiver; s.80(5) did not apply and CMAL is not entitled to redelivery of the note.