Read the full judgment text of DCCC 527/2010 on BabelCite. This District Court judgment was delivered on 25 May 2011.
2. In the defendant’s position at the BOC she had sold investments in the form of minibonds to customers of the BOC. Two of those customers were Madam Wong Sau Ching (PW1) and Mr. Ho Kit Sum (PW2). Approximately nine months after PW1 and PW2 purchased the minibonds, a principal party in the structure of this product, Lehman Brothers Holdings (LBH) applied for bankruptcy. Due to the insolvency of LBH and the resulting exposure to the current market value of the collateral, the value of the min