Banker sues law firm for HK$50m 'loss'

PUBLISHED : Thursday, 29 October, 2009, 12:00am
UPDATED : Thursday, 29 October, 2009, 12:00am

A banker is suing Boase Cohen & Collins law firm in the High Court for damages allegedly arising from the missing title deed of a Deep Water Bay house he sold for HK$50 million less than the peak price. Mark Chiba bought the house for HK$75 million and was offered HK$140 million in 2007, but the deal died due to the title problem. He sold it for HK$90 million this year.