22 Feb 2021
YUANTA SECURITIES (HONG KONG) CO LTD v. NG YIN LAM
- Citation
- [2021] HKCFI 435
- Court
- Court of First Instance
- Case number
- HCA1415/2017
The Guarantee was not superseded by the ICA or account Terms; it applied to clients served under the defendant's AE code including the 11 clients; the defendant was an independent contractor not an employee; no conflict with the SFC Code invalidated the Guarantee; Yuanta had suffered recoverable losses; accordingly summary judgment was appropriate and entered for the plaintiff for the calculated amount with interest and costs; the defendant's counterclaim was dismissed.