Read the full judgment text of HCA 000499/2004 on BabelCite. This High Court CFI judgment was delivered on 2 June 2006.
1. This is a claim in damages for breaches of contract; the failure by the defendant to settle contracts for the exchange of currency on a forward date. There is a defence and counterclaim of misrepresentation which induced the defendant to contract with the plaintiff as a result of which it has suffered loss.