7 Mar 2016
PA SAM NANG AND OTHERS v. THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD
- Citation
- PA SAM NANG AND OTHERS v. THE HONGKONG AND SHANGHAI BANKING CORPORATION LTD
- Court
- Court of First Instance
- Case number
- HCA1020/2015
Summary judgment refused and unconditional leave to defend granted because HSBC demonstrated a real and bona fide defence: designation of the 1st plaintiff on the OFAC SDN List and ongoing FCRMA provided a rational basis to freeze accounts pending investigation; whether HSBC abused its contractual power or froze accounts for an unreasonable/irrational period is a triable issue for trial, not for summary disposal.