14 Mar 2022
KONG FUNG RMB REMITTANCE EXCHANGE LTD v. CHAN KAM HOI t/a BAO HANG RMB MONEY EXCHANGE AND OTHERS
- Citation
- [2022] HKCFI 736
- Court
- Court of First Instance
- Case number
- HCA276/2016
On the balance of probabilities the court found KF failed to prove an implied term requiring deposits only from BH/BY accounts or forbidding direct customer deposits without prior consent, failed to prove the Notice had been sent and received, and failed to prove HSBC's suspension was equivalent to freezing/confiscation by authorities; accordingly KF had no basis to detain HK$1.9 million and judgment was entered for the defendants on the counterclaim for HK$1.9 million with interest and costs against KF.