30 Jul 2018
BONDS & SONS INTERNATIONAL LTD v. CITIBANK, N.A.
- Citation
- [2018] HKCFI 1737
- Court
- Court of First Instance
- Case number
- HCCL29/2013
Court held plaintiffs failed to prove that Citibank or Ms Mak assumed legal responsibility to advise beyond clear contractual disclaimers; TIPs and contractual documents adequately disclosed the risks material to the ACs including MTM and margin risk; Mrs Chan was experienced and would in any event have entered the ACs so causation not established; alleged representation was non‑actionable opinion and not causal; guarantor termination had been suspended by agreement and appropriation was lawful; all claims dismissed with costs.