24 Sept 1990
CHINE KIT LTD v. CHU KONG SHING
- Citation
- CHINE KIT LTD v. CHU KONG SHING
- Court
- Court of First Instance
- Case number
- HCCL26/1988
Defendant was bound by the signed bilingual contract and risk disclosure, was warned about margin calls, no fiduciary breach or misrepresentation occurred, futures contracts were not illegal, and frustration did not apply; therefore plaintiff lawfully liquidated the account and is entitled to judgment for the outstanding deficit.