29 Apr 2005
SUN HUNG KAI INVESTMENT SERVICES LTD v. OODLESS INVESTMENT LTD AND ANOTHER
- Citation
- SUN HUNG KAI INVESTMENT SERVICES LTD v. OODLESS INVESTMENT LTD AND ANOTHER
- Court
- Court of First Instance
- Case number
- HCA2006/2003
The judge accepted the plaintiff's credible evidence that the 2nd defendant, as authorized person of the 1st defendant, gave instructions for the trades, rejected the defendants' unsupported allegation of unauthorized dealing raised late, and held that the plaintiff was entitled under the client agreement to a fixed charge, power of sale and general lien and therefore to judgment for HK$1,335,559.24 with contractual interest and costs on a full indemnity basis; the counterclaim was dismissed.