Tag Archives: Court of Appeal

Latest bank victory – Hong Kong High Court dismisses mis-selling claim

The Hong Kong Court of First Instance has recently handed down its judgment in Shine Grace Investment Ltd v. Citibank, N.A. and Another (HCCL 28/2008), a case relating to alleged mis-selling of equity accumulator contracts by Citibank. In dismissing the … Continue reading

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Filed under Announcements, Hong Kong, Sector Updates by Herbert Smith Freehills

Hong Kong Court of Appeal finds against bank on the basis that the bank’s exclusion of liability clauses were unconscionable and unreasonable

The Hong Kong Court of Appeal (CA) has recently affirmed a decision of the Court of First Instance (CFI), in which a ruling was made in favour of the plaintiff investors in a mis-selling claim against a bank, albeit on … Continue reading

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Filed under Announcements, Hong Kong

Court of Appeal decides extended warranties are regulated insurance products

Re Digital Satellite Warranty Cover Limited There has been legal uncertainty about whether extended warranties on consumer goods might be regulated insurance products, falling under regulation of the Financial Services Authority (“FSA”). The Court of Appeal has now decided they … Continue reading

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Filed under Commercial Litigation, FSA Rules, JURISDICTIONS, UK