19 Feb 2024
LAU WANG CHI, BARRY v. CGS-CIMB SECURITIES (SINGAPORE) PTE LTD
- Citation
- [2024] HKCFI 493
- Court
- Court of First Instance
- Case number
- HCSD17/2023
Court found the applicant discharged the threshold to show bona fide disputes on substantial grounds: (a) there is a substantial and arguable illegality defence because the CFDs plausibly amount to bets under the Gambling Ordinance when placed from Hong Kong under s7(1A); (b) there is a substantial misrepresentation dispute that the account traded in actual shares and induced reliance, supported by communications and conduct; claims under SFO and MLO lacked sufficient particularized evidence and failed. On these grounds the statutory demand was set aside and the matter should proceed to trial…