6 May 1999
ANSBACHER (HONG KONG) LTD. v. AM-ASIAN RESOURCES LTD. AND OTHERS
- Citation
- ANSBACHER (HONG KONG) LTD. v. AM-ASIAN RESOURCES LTD. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCL151/1997
The 26 January 1996 letter did not effectively terminate the continuing guarantee because the bank did not receive it and, even if received, it failed to meet the contractual requirements for termination; the continuing guarantee therefore remained enforceable, appropriate credits were applied, and judgment was entered for the plaintiff for the adjusted principal sums with interest and costs.