Read the full judgment text of HCA 852/2017 on BabelCite. This High Court CFI judgment was delivered on 25 September 2019.
1. The Plaintiff in these proceedings is the US subsidiary of the well-known Italian car manufacturer, Ferrari SpA. As a result of a fraud perpetrated by individuals impersonating the CFO of the Plaintiff’s parent company, the Plaintiff was induced to make payment of a total sum of US $6.7 million (“ Amount ”), on 28 March 2017, 30 March 2017 and 31 March 2017, into the bank account of the 1 st Defendant maintained with the Standard Chartered Bank Limited (“ Bank ”) in Hong Kong, as part of a b
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