7 May 2018
ARROW ECS NORWAY AS v. M YANG TRADING LTD AND OTHERS
- Citation
- [2018] HKCFI 975
- Court
- Court of First Instance
- Case number
- HCA239/2016
The court granted summary judgment for the plaintiff because the defendants either operated or permitted operation of money‑changing/remittance businesses in breach of statutory customer due diligence requirements under Cap 615, such illegality precluded reliance on the change of position defence and the defendants failed to adduce sufficient evidence of a causal link or good faith to resist summary judgment; judgment awarded for the sums received with interest and costs.