13 Mar 2008
STANDARD CHARTERED BANK (HONG KONG) LTD v. CHAN KWOK WAH, ANDY AND ANOTHER
- Citation
- STANDARD CHARTERED BANK (HONG KONG) LTD v. CHAN KWOK WAH, ANDY AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1762/2004
There was no real or bona fide defence on the pleaded grounds; documentary evidence and admissions contradicted the non-recourse and estoppel arguments; the bilingual Guarantee and Third Party Acknowledgment and the defendants' shareholdings defeated claims of ignorance, nomination or undue influence; allegations of back-dating and bank liability for agents' fraud were unsubstantiated; accordingly the appeal was dismissed and the master’s summary judgment for the principal sum with contractual interest was affirmed and the counterclaim dismissed.