16 Mar 2000
CHEKIANG FIRST BANK LTD. v. HENG HING ENTERPRISES (HK) LTD. AND OTHERS
- Citation
- CHEKIANG FIRST BANK LTD. v. HENG HING ENTERPRISES (HK) LTD. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA19725/1998
The court held that the foreign exchange losses were properly debited to the company's current account and form part of the indebtedness; and that the bank was under no legal or contractual obligation to realize the depositor security and set it off, therefore summary judgment against the 1st and 4th defendants was correctly entered and must be affirmed.