Read the full judgment text of CACV 000034/1998 on BabelCite. This Court of Appeal judgment was delivered on 7 May 1998.
1. This appeal involves the unwinding of a trading company's arbitrage position on the Australian stock and futures markets. The 1st and the 2nd respondents are members of the Nomura group of companies, a Securities House operating internationally on a regional and global basis. The 2nd respondent is a London based company and the 1st respondent is a registered Securities Dealer conducting its business from Hong Kong. The 3rd respondent is a director of the 1st respondent. He is, himself, a regi