26 Feb 2013
KGI FUTURES (HONG KONG) LTD v. LI KAR HUEN CHRISTINE
- Citation
- KGI FUTURES (HONG KONG) LTD v. LI KAR HUEN CHRISTINE
- Court
- Court of First Instance
- Case number
- HCA194/2010
The court held that the defendant was liable for the deficit because she breached the contractual margin obligations; the plaintiff lawfully exercised its contractual right to close out unfunded positions under the Standard Terms and Conditions and recover the resulting loss; the defendant's unproven assertions of duty and misrepresentation failed; and indemnity costs were awarded pursuant to the contractual indemnity clause.