29 Sept 2021
CHINA GREAT WALL AMC (INTERNATIONAL) HOLDINGS CO LTD v. ROYAL BOND INVESTMENT LTD AND OTHERS
- Citation
- [2021] HKCFI 2882
- Court
- Court of First Instance
- Case number
- HCMP209/2020
Plaintiff's loan to companies secured by registered charges fell within the Schedule 1 exemption so Order 83A did not apply; as a matter of law and on the facts the 10% contractual interest and 12% default interest (compounded) were not extortionate, unconscionable or penalty in nature and the plaintiff was entitled to summary judgment for the stated sum with possession ordered within four weeks and costs on a solicitor-client basis.