9 Jul 2003
CELESTIAL FINANCE LTD v. YU MAN HON AND OTHERS
- Citation
- CELESTIAL FINANCE LTD v. YU MAN HON AND OTHERS
- Court
- Court of Appeal
- Case number
- CACV2/2003
The Court held that section 20(1)'s seven day requirement is an absolute statutory requirement for sureties and a failure to comply within that period renders the security unenforceable while the default continues; that requirement is not curable by later supply and must be read distinctly from section 19 and the discretionary regime in section 18(3).