4400  Dance Instructor Sued for US $8 Million ...

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Date: Fri, 16 Jun 2006 00:28:38 -0400
From: <info@dancescape.com>
Subject: [Tango-L] Dance Instructor Sued for US $8 Million ...
To: <info@dancescape.com>, <tango-l@mit.edu>

Hi Everyone,
Thought this might be of interest ... Yesterday, it was reported that a
Dance Instructor was sued for $8 million dollars!

According to our Hong Kong contributor, the dance instructors are students
of Latin Dance legend, Gaynor Fairweather...


HONG KONG Dance pupil sues for $8m in fees

Wed, 14 Jun 2006 -- A Hong Kong banker is suing her Latin dance teachers for
the return of 62 million dollars (eight million US) in prepaid fees after
her instructor allegedly insulted her in a restaurant, a report said on
Wednesday. Mimi Monica Wong, head of HSBC's private banking in Asia, told a
court Tuesday she had agreed to pay dance instructor Mirko Saccani 120
million dollars for eight years' of unlimited lessons and competitions, the
South China Morning Post reported. Wong said she used to be enthusiastic
about her dance lessons because she had been "looking for the last bit of
glory in life" ...

Photos and details at https://dancescape.com/mydancefriends


And who said you couldn't become a millionaire teaching dancing! LOL.







Date: Fri, 16 Jun 2006 09:43:19 -0400
From: "Nitin Kibe" <nitinkibe@hotmail.com>
Subject: Re: [Tango-L] Dance Instructor Sued for US $8 Million ...
To: info@dancescape.com, tango-l@mit.edu

Here's the item from the FT....

NK
Wash DC

*************

OBSERVER
HSBC banker learns the cost of obsession - OBSERVER.
295 words
14 June 2006
Financial Times
USA Ed1
Page 12
English
(c) 2006 The Financial Times Limited. All rights reserved

It's no surprise that private bankers make loads of money these days. But it
is sometimes surprising to learn how they like to spend their money. Monica
Wong, head of HSBC's private banking in Asia, has chosen to spend a small
fortune on Latin dancing.

As a banker who makes a living by managing wealth, Wong should probably know
that HKDollars 120m (Dollars 15.4m) can buy a very nice private island in
Thailand, a few luxury flats in Hong Kong or 45 of the new Rolls-Royce
Phantoms.

But Wong clearly saw better use of the money. According to court documents
filed in Hong Kong, Wong, who was paying HKDollars 10m for two years of
unlimited Latin dance lessons, reached new contracts in 2004 with her
private instructors for HKDollars 120m for a further eight-year period. The
new lessons, however, have not been taken.

After the high-powered banker paid half of the agreed fees and just before
the new contracts started, one of the instructors allegedly called her a
"lazy cow" and asked her to "move your arse" while they were practising
publicly in a restaurant.

In her statement of claim in Hong Kong Court of First Instance, Wong alleges
that she and the instructor agreed to terminate their oral agreements
shortly after the humiliating encounter. The instructor claims they have
never reached that conclusion.

Wong is now suing her instructors - a 14-time world champion and her husband
- to get back the HKDollars 62m she has already paid.

The couple is counterclaiming Pounds 4m of unpaid fees.

The sour experience has not put Wong off. She told Observer she is still
taking Latin dance lessons - from another instructor.

*****************



From: <info@dancescape.com>
To: <info@dancescape.com>, <tango-l@mit.edu>
Subject: [Tango-L] Dance Instructor Sued for US $8 Million ...

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