2 Mar 2006
TAI FOOK SECURITIES CO LTD v. CHEUNG PO TUNG
- Citation
- TAI FOOK SECURITIES CO LTD v. CHEUNG PO TUNG
- Court
- Court of First Instance
- Case number
- HCA3393/2002
On the evidence, including contemporaneous recorded telephone transcripts, the court found no actionable misrepresentation by the broker, the margin trading agreement allocated risk to the defendants, and the broker acted reasonably in the circumstances when attempting to execute the defendants' instructions; accordingly judgment was entered for the plaintiff for the claimed sum with interest and the defendants' counterclaims were dismissed.