5 Dec 2023
ZEUS AIRCRAFT OWNER 2 LTD AND ANOTHER v. POLAR PAY LTD
- Citation
- [2023] HKDC 1674
- Court
- District Court
- Case number
- DCCJ6509/2020
On the balance of probabilities the defendant acted bona fide and without notice: it operated pursuant to a recognised 'Settlement Approach' with a licensed MSO without a bank account, performed KYC/CDD consistent with AMLO Guideline and industry practice, and did not act in a commercially unacceptable way; plaintiffs failed to prove notice or impropriety so all causes of action failed.