Following the judgment in Selina Kwok v HSBC Private Bank (Suisse), a Hong Kong court has delivered another robust judgment dismissing the mis-selling claims by a sophisticated private bank customer. The judgment should be welcomed by the banks in the industry, although the law in this area is yet to be settled.
The Hong Kong Court of First Instance, in the recent judgment in DBS Bank (Hong Kong) v San-Hot HK Industrial and Hao Ting, found in favour of DBS Bank (Hong Kong) in relation to mis-selling claims made by the defendants.
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Business Law Digest is compiled with the assistance of Baker & McKenzie. Readers should not act on this information without seeking professional legal advice. You can contact Baker & McKenzie by e-mail at: Zhang Danian (Shanghai) danian.zhang@bakermckenzie.com
