Read the full judgment text of DCCJ 1726/2011 on BabelCite. This District Court judgment was delivered on 31 July 2013.
1. The worldwide financial crisis following the collapse of Lehman Brothers in the United States in 2008 needs no introduction. The plaintiff (“ Shum ”) was an investor who suffered from its aftermath. He now claims for the loss of his investment in a financial product known as Series 74 Hong Kong Dollar Callable Credit-Linked Note (“ the Note ”) against the defendant (“ DBSHK ”). The complaint is essentially mis-selling of the Note to him by DBSHK in Hong Kong in May 2007.
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