19 Apr 2002
DEBIS FINANCIAL SERVICES CHINA LTD. v. HARBOUR UNION INVESTMENTS LTD. AND ANOTHER
- Citation
- DEBIS FINANCIAL SERVICES CHINA LTD. v. HARBOUR UNION INVESTMENTS LTD. AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1320/2001
The court dismissed the appeal and held that the 1st Defendant has an arguable right to have the insurer act on the mortgagee clause and that allegations of breach of warranty and of potential circuity of action via subrogation did not justify striking out the Third Party proceedings at this interlocutory stage, because subrogation vests only the enforceable rights of the mortgagee and does not guarantee recoverability from the 1st Defendant.