10 Oct 2006
FIRST SECURITIES (HK) LTD v. HO YUK CHUN
- Citation
- FIRST SECURITIES (HK) LTD v. HO YUK CHUN
- Court
- Court of First Instance
- Case number
- HCA304/2003
The court accepted the plaintiff's witnesses and expert evidence that the transactions were completed as Free of Payment pursuant to signed settlement instructions and that the plaintiff, as settlement agent, received no sale proceeds and had no duty to account; the defendant's evidence was found inconsistent, implausible and insufficient to discharge her burden, so the counterclaim failed.