EXCEL COURAGE HOLDINGS LTD V. SETO MING WAI AND ANOTHER

[2025] HKCA 91 Court of Appeal 17 January 2025 • CACV181/2024 • 9 min read

3 cases cited (0 HK, 3 foreign) Cited by 1 case

Outcome

Appeal dismissed

the Appeal is dismissed without further order together with costs of the Appeal to the 2

Source: [2025] HKCA 91, Court of Appeal, decided 17 January 2025. Read directly from the judgment.

Practice Areas

Securities & Investments Banking & Finance

Judges (2)

Cheung Coram Chow Coram

Counsel (4)

ONC Lawyers Firm So, Lung & Associates Firm Jeff Yau Counsel Plaintiff Terrence Tai Counsel Defendant

Parties (3)

Clc Securities Limited Defendant Excel Courage Holdings Limited Plaintiff Seto Ming Wai Defendant

Case Significance

EXCEL COURAGE HOLDINGS LTD V. SETO MING WAI AND ANOTHER [2025] HKCA 91 was heard by the Court of Appeal on 17 January 2025, touching on matters within securities and investments and banking and finance. The dispute originated from EXCEL COURAGE HOLDINGS LTD V. SETO MING WAI AND ANOTHER [2024] HKCFI 984 at first instance. The Court of Appeal held: 'the Appeal is dismissed without further order together with costs of the Appeal to the 2.' The decision was later cited in CHEUNG SAU YIN V. LAI TAK CHUNG [2025] HKCA 1132.

Summary

Excel Courage Holdings Limited brought proceedings against Seto Ming Wai in a commercial dispute. The case involved business or corporate matters between the parties. The Court of Appeal determined the appeal.

What was the outcome of EXCEL COURAGE HOLDINGS LTD V. SETO MING WAI AND ANOTHER [2025] HKCA 91?

The Court of Appeal held that 'the Appeal is dismissed without further order together with costs of the Appeal to the 2,' affirming the outcome reached at first instance in EXCEL COURAGE HOLDINGS LTD V. SETO MING WAI AND ANOTHER [2024] HKCFI 984.

What areas of law does EXCEL COURAGE HOLDINGS LTD V. SETO MING WAI AND ANOTHER [2025] HKCA 91 touch on?

The appeal is classified under securities and investments and banking and finance, and was later cited in CHEUNG SAU YIN V. LAI TAK CHUNG [2025] HKCA 1132, a subsequent Court of Appeal decision.

Cases Cited (3)

HK (3)

[2004] 2 HKLRD 650 [2023] 4 HKLRD 603 [2024] HKCFI 984

Cited By (1)

[2025] HKCA 1132

CHEUNG SAU YIN V. LAI TAK CHUNG

Citation influence

HKLII records this judgment as cited by 2 later judgments. This counts every later Hong Kong judgment that references this case, which is broader than the resolved citations listed above.

[2025] HKDC 2200 區域法院

24 December 2025

[2025] HKCA 1132 Court of Appeal

17 December 2025