The Court of First Instance has recently handed down its judgment in DBS Bank (Hong Kong) Limited v Sit Pan Jit (HCA 382/2009), which concerned a claim by DBS Bank (Hong Kong) Limited (DBS) against its former customer, Sit Pan Jit, for failing to meet margin calls in respect of certain investments and a counterclaim by Mr Sit against DBS for mis-selling those investments. The court found in favour of DBS and dismissed Mr Sit’s counterclaim, marking a further success for banks in defending investment mis-selling claims in recent years. To read more about the case from our team in Hong Kong, click here.
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