11 Oct 2000
CHENG CHUNG KEUNG v. LIND ASIA LTD.
- Citation
- CHENG CHUNG KEUNG v. LIND ASIA LTD.
- Court
- Court of First Instance
- Case number
- HCA1430/1998
No contractual obligation existed to provide immediate confirmation of executed orders; defendant's failure to notify earlier was reasonable in the exceptional market conditions; clause 15 of the client agreement empowered the defendant to close out positions and purchase hedges to protect its position on margin default; plaintiff therefore liable for executed orders and for resulting debit balance; judgment for defendant for US$94,801.35.