Read the full judgment text of HCA 003044/1998 on BabelCite. This High Court CFI judgment was delivered on 31 May 1999.
1. The Plaintiff is engaged in the business as a stockbroker. The Defendant was a client of the Plaintiff. The parties entered into a Margin Client Agreement dated 7th July 1997 ("the Agreement"). The nature of the Agreement was for the Plaintiff to open a margin account for the Defendant and to provide credit facilities to the Defendant to trade in securities with this account. The credit limit was $3 million. Pursuant to the Agreement, the Defendant carried out transactions for sale and purcha