1 Aug 1995
SUN HUNG KAI FOREX & OTHER v. YICK MING KIT trading as FOOK TAK HO
- Citation
- SUN HUNG KAI FOREX & OTHER v. YICK MING KIT trading as FOOK TAK HO
- Court
- Court of First Instance
- Case number
- HCA8589/1992
The court accepted the plaintiff's evidence and contemporaneous documents showing the defendant authorised idling and partial unlocking, found the account statements to be conclusive under Clause 9, concluded the plaintiff validly exercised its contractual right under Clause 11 to liquidate after the margin call and dishonoured cheque, rejected the alleged oral compromise and estoppel, and therefore entered judgment for the plaintiff for US$55,739.77 with contractual interest and costs.