Read the full judgment text of HCA 007498/1993 on BabelCite. This High Court CFI judgment was delivered on 19 January 1995.
1. On 14 April 1987, the defendant opened a securities trading account with Sanyo Securities (Asia) Limited (Sanyo), which carries on business as stockbrokers, bond brokers, stock dealers and underwriters. At the end of October 1987, the defendant was indebted to Sanyo in the small sum of Yen 6,488 having asked Sanyo to sell all the shares in his account. At about 12 November 1987, the defendant placed an order with Sanyo to purchase 10 shares in Nippon Telephone and Telegraph Corporation (NTT)