Read the full judgment text of CACV 000353/2004 on BabelCite. This Court of Appeal judgment was delivered on 18 July 2005.
1. The defendant was the client of the plaintiff under a trading agreement (“the agreement”) entered into in or about November 2001. Under the agreement, the plaintiff agreed to provide investment services, including but not limited to, dealing in futures contracts, subject to the terms and conditions set out therein. It is not disputed that under the agreement, in the event of adverse movements in the market, the plaintiff was entitled to require further margin to be provided on demand failing