Bank of Qingdao (BOQ) v OOO Securities (HK) Group Ltd (OOO)

 [2025] HKCFI 2223, BOQ and OOO entered into an Investment Management Agreement for OOO to manage BOQ’s investment portfolio. BOQ claimed that OOO made unauthorised investments and terminated the agreement. OOO disputed BOQ’s claims and counterclaimed for wrongful termination. The claims involved sums in excess of US$350 million.

In early 2024, Master To made an “unless order” requiring all “intended” interlocutory applications to be made before 2 July 2024. BOQ applied for specific discovery before the deadline, and applied to amend its statement of claim after the deadline. BOQ’s amendment application was granted by Master Chow. OOO appealed.

Upholding Master Chow’s order, DHCJ Gary CC Lam notably held:

, instructed by Zhong Lun Law Firm, acted for Bank of Qingdao.

, instructed by Gibson Dunn, acted for OOO Securities.

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