19 May 2014
LIANG HUNAN v. CREDIT SUISSE AG, HONG KONG BRANCH
- Citation
- LIANG HUNAN v. CREDIT SUISSE AG, HONG KONG BRANCH
- Court
- Court of First Instance
- Case number
- HCA415/2011
The amendments alleging illegality of performance were unarguable because the substantive performance obligations (daily acquisition and monthly settlement/delivery of Hong Kong-listed shares and account charging) were executed and performed in Hong Kong; the acts in the PRC were incidental communications, not discharge of contractual obligations, so the pleaded illegal performance under PRC law could not be sustained and leave to amend to plead illegality was refused.