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
- HCMP5017/1999
The Court found on credibility and documentary evidence that the defendants knew they were signing personal guarantees and that a securities margin account and binding application for the placing shares were established by the Company's authorised agent and board resolutions; therefore the Bank was entitled to recover the contested sums and judgment was entered against specified defendants; issue estoppel did not bar relitigation because its application would be contrary to justice in the consolidated proceedings.