Read the full judgment text of CACV 112/2020 on BabelCite. This Court of Appeal judgment was delivered on 26 March 2021.
1. In April 2017, the Plaintiff used 19,112,000 shares (“the Shares”) he owned in a listed company called Billion Industrial Holdings Limited as collateral for the raising of funds. The Shares were deposited by him into an account maintained with the 1 st Defendant. The 1 st Defendant played the role of a custodian agent pursuant to a Collateral Agency Agreement. In return, the Plaintiff received $11,946,099 which was transferred into his account pursuant to a Funding Notice, sent to him throu
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