Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Discretionary accounts
  • 4 Jun 2014

    JIN WEI CHENG v. UBS AG

    Citation
    JIN WEI CHENG v. UBS AG
    Court
    Court of First Instance
    Case number
    HCA632/2012

    The court exercised its discretion to permit defendant UBS to obtain discovery and to administer interrogatories limited to the plaintiff's investment accounts (not general banking accounts) and trading activities in those accounts during the Relevant Period, including whether such accounts were discretionary, how authority was granted and whether hold‑mail arrangements existed, because those matters are directly relevant to the plaintiff's pleaded investment experience, risk appetite and the issue of authorisation; the discovery sought is proportionate and not unduly intrusive and the plaint…