20 Aug 1986
EUROPEAN ASIAN BANK v. WO PING CHING t/a THE STANDARD CIVIL ENGINEERING CO. AND OTHERS
- Citation
- EUROPEAN ASIAN BANK v. WO PING CHING t/a THE STANDARD CIVIL ENGINEERING CO. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1273/1985
The equitable assignment of the arbitration proceeds dated 8 December 1983 was effective on the award and consequent judgment; although contractual prohibitions can invalidate assignments, the assignment of future arbitration proceeds was not caught so as to defeat Superwealth's equitable claim, and antecedent equitable events prevented the resulting judgment debt from being attachable in Standard's hands, therefore the Master was correct to dismiss the Bank's garnishee application and grant Superwealth's intervention.