HSBC Pins Businessman's Debt To Pricey Digs, Publisher
Law360, London (July 9, 2019, 4:14 PM BST) -- An HSBC unit has gotten closer to recovering part of the $15.8 million debt owed by a Jordanian businessman after a London court said the lender could secure the debt against his stake in a book publisher and an expensive home in the U.K.'s capital.
Robert Jervis Kay QC, sitting as a judge of the High Court, issued two charging orders in connection with Jabra Jeries Ibrahim Sharbain, a Jordanian businessman found to have personally guaranteed repayment of a loan issued to a Middle Eastern distribution company.
The orders secure that debt against Sharbain's minority stake in Hesperus Press Ltd., an independent London-based book...
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