15 Jun 2017
EAA SECURITIES LTD v. SO TAI FAI AND ANOTHER
- Citation
- EAA SECURITIES LTD v. SO TAI FAI AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA2520/2009
EAA's primary contractual claim for the margin debit is dismissed because the bulk of trading was found to be unauthorized and EAA cannot rely on deemed authorization where its employee knew trades were unauthorized; EAA's alternative claims for return of Cheque Proceeds against Anita and Henry fail (Henry lacked requisite knowledge for knowing receipt and EAA failed to prove loss attributable to Anita that EAA can recover without accounting for commission); Henry's counterclaim succeeds for loss of the portfolio measured at the date of breach (August 2000) in the sum of HKD 3,286,511, with i…