Ma Wai Wah Edward v. Standard Chartered Bank (Hong Kong) Ltd

HCSD 4/2025 and HCMP 253/2025

(Heard Together)

[2026] HKCFI 3934

IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

APPLICATION TO SET ASIDE STATUTORY DEMAND

NO 4 OF 2025

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BETWEEN

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IN THE HIGH COURT OF THE

HONG KONG SPECIAL ADMINISTRATIVE REGION

COURT OF FIRST INSTANCE

MISCELLANEOUS PROCEEDINGS

NO 253 OF 2025

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BETWEEN

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C O R R I G E N D U M

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Please note the following amendments in the Judgment handed down on 26 June 2026:-

Page 4, paragraph 11: “ASP entered into a pivot bonus forward transaction dated 13 February 2015 for Renminbi dollars and US dollars (the “PBF Transaction”). ASP suffered a loss as a result of the PBF Transaction.” should read as “APS entered into a pivot bonus forward transaction dated 13 February 2015 for Renminbi dollars and US dollars (the “PBF Transaction”). APS suffered a loss as a result of the PBF Transaction.”.

Page 6, paragraph 19: “……APS and Mr Edward Ma had failed to repay the indebtedness under the 2023 Facility Letter/ 2023 Supplemental Facility Letter and the Guarantee/Amendment Guarantee Agreement.” should read as “……APS and Mr Edward Ma had failed to repay the indebtedness under the 2023 Facility Letter/ 2023 Supplemental Facility Letter and the Guarantee/ Guarantee Amendment Agreement.”.

Page 7, paragraph 21 (1): “SBC mis-sold financial products to APS under the PBF Transaction.” should read as “SCB mis-sold financial products to APS under the PBF Transaction.”.

Page 10, paragraph 29: “I fail to see how APS and Mr Edward Ma can rely on the previous dispute relating to the PBF Transaction as an excuse to evade their obligations under the 2023 Facility Letter/2023 Supplemental Facility Letter and the Guarantee/Amendment Guarantee Agreement.” should read as “I fail to see how APS and Mr Edward Ma can rely on the previous dispute relating to the PBF Transaction as an excuse to evade their obligations under the 2023 Facility Letter/2023 Supplemental Facility Letter and the Guarantee/ Guarantee Amendment Agreement.”.

Page 13, paragraph 36 (3): “As Mr Nick Luxton (for SCB)  emphasized, this was more than 9 years before ASP and Mr Edward Ma commenced these proceedings.” should read as “As Mr Nick Luxton (for SCB)  emphasized, this was more than 9 years before APS and Mr Edward Ma commenced these proceedings.”.

Page 13, paragraph 36 (6): “On the evidence before the court, it is hardly incontrovertible that SCB and ASP had performed the Settlement Agreement.” should read as “On the evidence before the court, it is hardly incontrovertible that SCB and APS had performed the Settlement Agreement.”.

Page 14, paragraph 36 (7): “Having done so, ASP is not in a position to avoid the Settlement Agreement.” should read as “Having done so, APS is not in a position to avoid the Settlement Agreement.”.

Page 15, paragraph 38 (3): “There is also evidence showing that the parties’ representatives (including SCB’s Mr Edek Ho and Mr Sam Leung as well as ASP’s Mr Edward Ma and the son of Mr Edward Ma)  negotiated meaningfully with each other in an amicable manner.” should read as “There is also evidence showing that the parties’ representatives (including SCB’s Mr Edek Ho and Mr Sam Leung as well as APS’s Mr Edward Ma and the son of Mr Edward Ma)  negotiated meaningfully with each other in an amicable manner.”.

Page 16, paragraph 38 (4): “He even said that he “deeply appreciated” SBC’s “respectable and insightful advices”.” should read as “He even said that he “deeply appreciated” SCB’s “respectable and insightful advices”.”.

Page 22, paragraph 55 (4): “This is the reason why ASP and Mr Edward Ma have been unable to repay the indebtedness in question.”should read as “This is the reason why APS and Mr Edward Ma have been unable to repay the indebtedness in question.”.

Page 24, paragraph 59 (1): “Mr Edward Ma to pay SBC’s costs in HCSD 4/2025 (including all costs previously reserved)  to be taxed on an indemnity basis if not agreed.”. should read as “Mr Edward Ma to pay SCB’s costs in HCSD 4/2025 (including all costs previously reserved)  to be taxed on an indemnity basis if not agreed.”.