Read the full judgment text of HCMP 001777/2009 on BabelCite. This High Court CFI judgment was delivered on 17 September 2009.
1. The applicant was a securities and futures broker. It had both cash and margin clients. It is a wholly owned subsidiary of the Bank of Communications Company Limited. For the purpose of corporate restructuring it transferred its business to its wholly owned subsidiary BOCOM International Securities Limited, (“BISL”). The transfer was completed on 29 February 2008. In the course of the restructuring, the applicant had sent out a letter dated 18 September 2007 to all its clients informing