25 Aug 2023
GHAZI FAIDI v. QANTEX CAPITAL MARKETS LTD
- Citation
- [2023] HKCFI 2184
- Court
- Court of First Instance
- Case number
- HCA486/2018
The Court held that the Recorder’s dismissal of the Order 14A application was a procedural/technical refusal not reflecting the merits; the Deed of Termination did not extinguish the Plaintiff’s contractual entitlement to the sign-on bonus; the Notice validly elected cash under clause 2(d) or alternatively 2(e)(iii); Defendants failed to establish any real or bona fide defence and the Company’s US$250,000 counterclaim was frivolous/mistaken and an abuse of process; accordingly summary judgment for US$750,000 plus interest was entered and the US$250,000 counterclaim struck out.