2 Jan 2025
INDUSTRIAL AND COMMERCIAL BANK OF CHINA (ASIA) LTD v. INTERPRO MANUFACTURING LTD AND OTHERS
- Citation
- [2025] HKCFI 177
- Court
- Court of First Instance
- Case number
- HCMP1619/2016
Tse is liable under the 2016 Guarantee: evidence established Sun had actual authority to bind the Company and authorised persons (including Chung) lawfully negotiated FX contracts; ICBC adequately disclosed risks and complied with relevant obligations such that no mis‑selling or actionable regulatory breach or misrepresentation was made out; the Portofino Property was sold by the mortgagee after reasonable marketing and auction efforts so no breach of mortgagee duty occurred; accordingly all defences and counterclaims fail.