In a decision which continues the general trend of recent pro-bank judicial rulings on mis-selling cases, the Hong Kong Court of First Instance today handed down its judgment in DBS Bank (Hong Kong Limited) v San-Hot HK Industrial Company Limited and Hao Ting. The judge was "unable to find that accumulator contract, as a product, was unsuitable for Madam Hao/San Hot BVI at all" and found that "Madam Hao failed not because she had been introduced a wrong investment product. She failed because of her imprudent and over-confident utilization of her credit line given her own bullish view about the market". To read our briefing note, click here.
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