Read the full judgment text of CACV 000058/1989 on BabelCite. This Court of Appeal judgment was delivered on 31 July 1989.
1. The collapse of the Carrian empire in 1983 may well have been the greatest individual financial disaster ever to have occurred in Hong Kong. It is certainly so within the last forty years. So swiftly and successfully had the empire grown, into so many different forms of business had it spread its activities that by that year "Carrian" had become a household word throughout the territory. The group commanded support from the greatest banks to the smallest investor in the market. The repercussi