30 Apr 2024
SUPREME CHINA SECURITIES LTD v. NG WING YIP AND OTHERS
- Citation
- [2024] HKCFI 1196
- Court
- Court of First Instance
- Case number
- HCA70/2022
The court held that the 1st defendant occupied two distinct roles under two separate agreements and, as account executive under the Letter of Appointment, was an independent contractor as a matter of commercial reality; clauses 3(a) and 4 of the Letter of Appointment constituted enforceable guarantee and indemnity obligations which did not give rise to any triable defence on the available material; the jurisdictional challenge to the CFI failed; summary judgment was therefore appropriate and judgment was entered against the 1st defendant for HK$3,423,964.77 with specified interest and costs (…