High Court dismisses mis-selling claim, highlights importance of contract terms

15 August 2018 | 3 minutes read

The Hong Kong High Court has dismissed the case of alleged mis-selling against Citibank, affirming the importance of contractual terms in non-discretionary banking relationships, according to law firm Herbert Smith Freehills. The Court of First Instance handed down its judgment on the Shine Grace Investment Ltd vs Citibank case last month, dismissing the plaintiff’s claim that the bank mis-sold equity accumulator…

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