2 Feb 1989
RICHARDSON GREENSHIELDS OF CANADA (PACIFIC) LTD v. KEUNG CHAK KIU AND ANOTHER
- Citation
- RICHARDSON GREENSHIELDS OF CANADA (PACIFIC) LTD v. KEUNG CHAK KIU AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCCL51/1988
The third party claim was struck out because the Commodities Trading Ordinance did not impose a statutory duty on the Exchange to keep the market open that gave rise to a civil action for damages, the pleaded rules lacked independent statutory force, and a common law negligence claim would fail for lack of duty, overriding policy reasons and non-recoverability of the asserted pure economic loss; accordingly the pleading disclosed no reasonable cause of action.