21 Jun 2012
KWOK WAI HING SELINA v. HSBC PRIVATE BANK (SUISSE) SA
- Citation
- KWOK WAI HING SELINA v. HSBC PRIVATE BANK (SUISSE) SA
- Court
- Court of First Instance
- Case number
- HCCL7/2010
The Account Opening Booklet and Risk Disclosure Statement established an execution-only relationship; HSBC did not assume the additional core duties alleged by the plaintiff and accordingly was not liable for the claimed breaches; even if liability existed damages must net the plaintiff's profits and losses on the structured products, producing approximately the defendant's figure.