1 Aug 1997
BANCA DI ROMA SOCIETA PER AZIONI v. LISGOLD HOLDINGS LTD. AND OTHERS
- Citation
- BANCA DI ROMA SOCIETA PER AZIONI v. LISGOLD HOLDINGS LTD. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCCL72/1997
The court granted summary judgment against the 1st Defendant because the evidence showed the 1st Defendant accepted the novation and acknowledged the debt, leaving no triable issue as to liability; however, summary judgment was refused as to the 2nd and 3rd Defendants because arguable triable issues existed whether the novation discharged the guarantors (given consent, notice and resignation facts and the complex law on reservation clauses), requiring full trial determination.