東亞銀行有限公司 對 葉志偉及另二人

東亞銀行有限公司 對 葉志偉及另二人

The Court granted leave because the plaintiff's claim of HK$1,253,953.01 was an "already quantified sum" exceeding the statutory HK$1,000,000 threshold and the dispute concerned the plaintiff's contractual entitlement to charge compound and default interest (not an amount requiring substantive judicial computation);...

Source-derived case information.

Citation
東亞銀行有限公司 對 葉志偉及另二人
Parties
Plaintiff: 東亞銀行有限公司; First Defendant: 葉志偉; Second Defendant: 葉美施; Third Defendant: 京偉(香港)有限公司
Court
Court of Appeal
Jurisdiction
Hong Kong
Judgment Date
31 May 2012
Case Number
CACV70/2011
Procedural Posture
Civil Appeal (jurisdictional Question Re: Right to Appeal to Court of Final Appeal) / Court of Appeal: Permission Granted to Defendants to Appeal to the Court of Final Appeal Subject to Deposit Condition
Outcome
Permission granted to defendants to appeal to the Court of Final Appeal.
Legal Topics
Leave to Appeal, Already Quantified Sum, Compound Interest, Default Interest, Statutory Jurisdictional Monetary Threshold
Source Language
ch
Civil Procedure Appeals Jurisdiction Contract Banking Law Leave to Appeal Already Quantified Sum Compound Interest +2 more

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Parties

東亞銀行有限公司

Plaintiff

葉志偉

First Defendant

葉美施

Second Defendant

京偉(香港)有限公司

Third Defendant

Procedural Posture

Civil Appeal (jurisdictional Question Re: Right to Appeal to Court of Final Appeal) / Court of Appeal: Permission Granted to Defendants to Appeal to the Court of Final Appeal Subject to Deposit Condition

  1. 1 Whether the plaintiff's claim qualifies as an "already quantified sum" exceeding the statutory HK$1,000,000 threshold
  2. 2 Whether the disputed amount requires substantive court calculation (thus defeating status as an already quantified sum)
  3. 3 Whether defendants therefore have a right of appeal to the Court of Final Appeal

Ratio Decidendi

The Court granted leave because the plaintiff's claim of HK$1,253,953.01 was an "already quantified sum" exceeding the statutory HK$1,000,000 threshold and the dispute concerned the plaintiff's contractual entitlement to charge compound and default interest (not an amount requiring substantive judicial computation); therefore the defendants had the right to appeal to the Court of Final Appeal.

Court Disposition

Permission granted to defendants to appeal to the Court of Final Appeal.

Orders

  • Defendants granted leave to appeal to the Court of Final Appeal in respect of the Court of Appeal judgment dated 17 February 2012.
  • Defendants must deposit HK$100,000 with the Court within 30 days as security for appeal costs.