7 May 1983
LLOYDS BANK INTERNATIONAL LTD v. CHU FAI HUNG NICHOLAS
- Citation
- LLOYDS BANK INTERNATIONAL LTD v. CHU FAI HUNG NICHOLAS
- Court
- Court of First Instance
- Case number
- HCA12415/1982
The guarantee's wording created a personal, on-demand obligation by the guarantor to cause payment to the bank; the demand letters were valid and the plaintiff produced cogent evidence that the defendant had removed assets/would be absent so as to justify the Order 44A proceedings; consequently the defendant's summons to discharge the warrant was dismissed and leave to defend was granted only on condition that the full claim amount be paid into court within the specified time.