ANZ COMMODITY TRADING PTY LTD V. EXCELLENCE RAISE OVERSEAS LTD AND OTHERS

[2025] HKCA 997 Court of Appeal 7 November 2025 • CACV48/2023 • 18 min read
12 cases cited (0 SG, 12 foreign)

Judges (3)

Barma Coram Harris Coram Kwan Coram

Counsel (6)

Holman Fenwick Willan Firm Myra Li & Co Firm Charles Sussex Counsel Plaintiff Derek J Y Chan Counsel Plaintiff Jason Kung Counsel Defendant Kenny Lin Counsel Defendant

Parties (11)

Anz Commodity Trading Pty Ltd Plaintiff Come Harvest Holdings Limited Defendant Excellence Raise Overseas Limited Defendant High Express Holdings Limited Defendant Jolly Admire Limited Defendant Mega Wealth International Trading Limited Defendant Zhuhai Hengqin de Feng International Trading Company Limited Defendant Zhuhai Titan International Trading Corporation Defendant Ko Siu Mei Hamay Defendant Siu Chung Hang Defendant Wong Wai Kwok Defendant

Summary

ANZ Commodity Trading Pty Ltd sued Excellence Raise Overseas Ltd and six other defendants including Wong Wai Kwok and Ko Siu Mei Hamay for fraud in commodity trading transactions. The case involved rescission, unjust enrichment, and fraudulent misrepresentation in international commodity deals. The Court of Appeal considered the legal principles of rescission and restitution.

Cases Cited (12)

UK (8)
[1965] 1 QB 525 [1996] AC 669 [2005] Ch 281 [2015] Ch 520 [2019] 1 WLR 5865 [2019] EWHC 1375 [2020] EWHC 2383 [2021] EWHC 2219
HK (4)
[2020] HKCFA 24 [2023] HKCFI 179 [2025] HKCA 701 [2025] HKCA 724

Judgment

Read the full judgment on the official Hong Kong Courts portal.

Read on HKLII

Source: HKLII ([2025] HKCA 997)