Read the full judgment text of DCCJ 1726/2011 on BabelCite. This District Court judgment was delivered on 3 September 2013.
1. The plaintiff (“ Shum ”) claimed against the defendant (“ the Bank ”) for the loss of his investment in a financial product known as Series 74 Hong Kong Dollar Callable Credit-Linked Note, of which the Bank was the distributor. After trial, judgment was handed down on 31 July 2013 whereby the claim was dismissed. I made a nisi order that Shum shall pay the costs of the Bank to be taxed, if not agreed, with certificate for 2 counsel. This was his application to vary the nisi costs order.
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