Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Calculation of finance charges and interest
  • 13 Feb 2003

    WINTERTHUR LIFE INSURANCE CO. v. TSUI CHING KUEN

    Citation
    WINTERTHUR LIFE INSURANCE CO. v. TSUI CHING KUEN
    Court
    Court of First Instance
    Case number
    HCA10972/1998

    The plaintiff proved advances for most months by contemporaneous records and was entitled to judgment for principal sum of HK$165,005.06; specific alleged payments in March and August 1997 were not proven and were disallowed; plaintiff must recalculate contractual finance charges at 0.75% per month for the allowed principal up to 25 September 1997, and the defendant must pay interest on HK$165,005.06 and the recalculated finance charges at 9% per annum from 25 September 1997 to the date of judgment and thereafter at judgment rate; costs ordered nisi except for the adjourned hearing of 19 Augu…