1 Sept 1999
UNION BANK OF HONG KONG LTD. v. BRIGHT RESOURCES DEVELOPMENT LTD.
- Citation
- UNION BANK OF HONG KONG LTD. v. BRIGHT RESOURCES DEVELOPMENT LTD.
- Court
- Court of First Instance
- Case number
- HCCL222/1998
The court construed the Letter of Hypothecation (6 Oct 1997) and the application form (4 Dec 1997) as forming contracts that give the plaintiff an enforceable contractual right of recourse against the defendant for US$470,681.37; accordingly judgment was entered for the plaintiff under Order 14A and the existing Mareva injunction was extended for three months.