8 Dec 2022
UOB KAY HIAN SECURITIES (M) SDN BHD LIM WOI KEAT
- Citation
- WA-22NCC-235-05/2021 (Mahkamah Tinggi)
- Court
- High Court
- Case number
- WA-22NCC-235-05/2021 (Mahkamah Tinggi)
The Court held that the Account Opening Form and UTRADE terms were validly incorporated and binding; the defendant intentionally or with sufficient culpability placed orders that matched and were therefore binding notwithstanding the platform Glitch; cancellation was not guaranteed and the defendant failed to plead or prove negligence or breach of contract; accordingly the defendant is liable to indemnify the plaintiff for the losses and interests claimed and the counterclaim is dismissed.