1 Mar 1999
STANDARD CHARTERED FINANCE LTD. v. WAI FAT MOTORS CO. LTD. AND OTHERS
- Citation
- STANDARD CHARTERED FINANCE LTD. v. WAI FAT MOTORS CO. LTD. AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA9254/1995
The 3rd Defendant satisfied the court that he has a real prospect of success on the issue that the Guarantee may not cover the 16 Short Term Loan Agreements because the Wholesale Finance Loan Agreement relied on by the Plaintiff is structured as a single-loan agreement and does not make those short term loans 'the subject of' that Agreement; accordingly the default judgment will be set aside in terms of the summons.