3 Dec 2012
CHEUNG PING KWONG v. CHAN KIN SUN
- Citation
- CHEUNG PING KWONG v. CHAN KIN SUN
- Court
- Court of First Instance
- Case number
- HCA2485/2009
The transactions were margin trading integral to the defendant's stockbroking business and did not constitute money lending under Cap 163; consequently Cap 163 s18 did not render the securities unenforceable, and even if s18 applied the court would exercise its s18(3) discretion to enforce. The defendant was contractually entitled to liquidate the plaintiff's share account and the plaintiff's claim is dismissed.