25 Jan 2018
UOB KAY HIAN FUTURES (HONG KONG) LTD v. LAI, LAWRENCE AND ANOTHER
- Citation
- [2018] HKCFI 95
- Court
- Court of First Instance
- Case number
- HCA1946/2011
The court held the client authorised the disputed trades through her agent (the account executive), the plaintiff did not breach the contractual or tortious duties alleged, any requirement under clause 12.3 was waived by mutual assent in relation to the trades, HKFE rules did not apply to Singapore-executed trades by contract, and the 2002/2010 guarantee agreements were enforceable; accordingly the plaintiff was entitled to judgment against both defendants for the debit balance and interest, and the defendant's counterclaim failed.