Read the full judgment text of HCCL 000039/2004 on BabelCite. This HCCL judgment was delivered on 26 March 2007.
1. This case raises an interesting, and apparently unsettled, question as to the legal obligation upon a stockbroker arising from the trading in Hong Kong of shares on the ‘grey market’ which, as at the date of such trading, have not yet been the subject of their initial public offering (‘IPO’), and thus are not yet issued and available for trading upon the Hong Kong Stock Exchange.
Cited by 4 cases · Cites 2 cases