Read the full judgment text of HCMP 767/2010 on BabelCite. This High Court CFI judgment was delivered on 18 March 2011.
1. On 20 October 2008 the plaintiff revealed, by way of a profit warning announcement pursuant to Rule 13.09 of the Listing Rules of the Hong Kong Stock Exchange, that it previously had entered into various forward contracts in respect of three foreign currencies which had resulted in it sustaining a “Mark to Market” potential estimated loss of some $14.7 billion.