15 Feb 2017
WONG MAN HON FREDERICK v. CHINA TIMES SECURITIES LTD
- Citation
- WONG MAN HON FREDERICK v. CHINA TIMES SECURITIES LTD
- Court
- Court of First Instance
- Case number
- HCA2715/2016
On the proper construction of the CAA and the account opening and supplemental margin agreements, transfer of the Shares to an authorised custodian did not constitute a breach; the plaintiff had not exercised his equity of redemption and therefore had no present entitlement justifying injunctive relief; there was no credible evidence that the Shares had been sold; damages were an adequate remedy; accordingly the undertaking/injunction was discharged and the inter partes relief dismissed with costs to the defendant.