27 May 2004
UNION BANK OF HONG KONG LTD v. UNITED CHINA INTERNATIONAL LTD & OTHERS
- Citation
- UNION BANK OF HONG KONG LTD v. UNITED CHINA INTERNATIONAL LTD & OTHERS
- Court
- Court of First Instance
- Case number
- HCA12924/1997
The Court found on credibility and documentary evidence that the guarantees and security documents were validly executed and that the Company had authorised a margin account and applied for/received the placing shares; accordingly the Bank was entitled to recover the sums claimed from the defendants and chargees; issue estoppel was disapplied because its application would be contrary to justice in the circumstances.