(Hong Kong) The Board looked at the effect of the insolvency of Bank of Credit and Commerce Hong Kong Limited on an arrangement by which the bank lent money to four companies upon the terms of a standard facility letter addressed by the bank to the companies on the security of deposits made with the bank by the companies’ principal shareholders.
Judges:
Lord Goff of Chieveley Lord Slynn of Hadley Lord Lloyd of Berwick Lord Nicholls of Birkenhead Lord Hoffmann
Citations:
[1997] UKPC 20
Links:
Banking, Insolvency
Updated: 01 June 2022; Ref: scu.159231