8 Jun 2022
GLOBE GROUP LTD v. GLOBALMAX (GROUP) LTD AND ANOTHER
- Citation
- [2022] HKDC 620
- Court
- District Court
- Case number
- DCCJ4256/2019
The court allowed the plaintiff to amend the pleadings to pursue the oral guarantee and fraud/lifting the corporate veil claims except insofar as the pleadings attempted to treat the Loan Agreement or veil-lifting as creating a separate written guarantee or to assert enforceable security over the 2nd defendant’s property. The oral guarantee does not satisfy s.3 and s.5 of the Conveyancing and Property Ordinance and is therefore unenforceable as creating security over land; accordingly the registration of the writ against the property is vacated. Certain paragraphs claiming a written guarantee…