22 Jan 2018
CHINA INTERNATIONAL CAPITAL CORPORATION HONG KONG SECURITIES LTD v. ZHANG JIE
- Citation
- [2018] HKCFI 94
- Court
- Court of First Instance
- Case number
- HCA2249/2016
Even assuming the Socimer duty applied, there was no evidence to demonstrate the plaintiff's exercise of contractual discretion was dishonest, an abuse, fraudulent or so perverse that no rational person could have acted as it did; the defendant's evidence was tenuous and conclusory and the contractual terms expressly limited challenges to timing and manner of disposals; accordingly no prima facie case of breach was made out and the appeal failed.