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Southwest Securities (HK) Brokerage Ltd v Michael Ng Kwok Wing & another (CACV 250/2020)

HK Court of Appeal, 20-May-2021

Having filed an appeal, Mr Ng failed to appear and his case was dismissed. The plaintiff's cross-appeal, for a judgment debt rather than damages, succeeds, and Mr Ng owes $163.5m plus 30% p.a. since 16-Apr-2019 under the terms of the facility agreement in event of default.

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