6 Nov 2017
CLH GROUP (HK) LTD AND OTHERS v. STANDARD CHARTERED BANK AND ANOTHER
- Citation
- CLH GROUP (HK) LTD AND OTHERS v. STANDARD CHARTERED BANK AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA1622/2016
The court found on the pleaded facts and supporting material that the FX derivative disputes were sufficiently linked to the banking facilities and the tripartite charges (including the London bank as a defined 'Secured Party') such that allowing the mortgage originating summonses to proceed separately would risk prejudging issues and be inappropriate. The originating summonses were therefore to be converted into writ actions and tried together with the writ action before the same trial judge; borrowers were not precluded from raising equitable set-off/cross-claims and the court's procedural…