6 Feb 1996
THE DAIWA BANK, LIMITED v. KIN SON ELECTRONIC (HOLDINGS) COMPANY LIMITED (IN LIQUIDATION) and Others
- Citation
- THE DAIWA BANK, LIMITED v. KIN SON ELECTRONIC (HOLDINGS) COMPANY LIMITED (IN LIQUIDATION) and Others
- Court
- Court of First Instance
- Case number
- HCA9113/1995
The guarantee was not proved to have been validly executed or authorised; the disputed signatures were shown to be forgeries and statutory declarations corroborated that; the Plaintiff continued the action despite knowing success was unlikely and motivated by an extraneous tax benefit, therefore the claim was dismissed by consent and costs were ordered on an indemnity basis.