20 Dec 2024
UBS AG v. LAM CHUNG YIU CHARLES AND ANOTHER
- Citation
- [2024] HKCFI 3655
- Court
- Court of First Instance
- Case number
- HCA413/2021
The court held that plaintiff established a prima facie sustainable case that the 1st defendant was involved in the remaining 169 unauthorised transfers by reference to the defendant's criminal admissions, transaction records (CHATS/SWIFT), repeating merchant patterns and staff affirmations; the defendant failed to particularise any credible defence or identify witnesses or documents to support a defence; accordingly there were no triable issues and summary judgment was entered for plaintiff for damages of US$6,245,936.52 and for declaratory and account relief in respect of US$569,581.03, tog…