CHINGTUNG FUTURES LTD(in Liquidation). v ARTHUR LAI CHEUK KWANPETER MOU CHI LUENMICHAEL TONG HING YUEN

Read the full judgment text of HCA 5081/1989 on BabelCite. This High Court CFI judgment was delivered on 31 December 1992.

1. The plaintiff, ChinTung Futures Ltd. is a private company in compulsory liquidation. I will call it "CTF". CTF used to be a broker on the Futures Exchange. Then came the global market crash of October 1987 which, in Hong Kong at any rate, began on "Black Monday" the 19th of that month. CTF did not survive. On April 11, 1988, a winding-up order was made against it.