16 Oct 2015
BLOOMINGDALE ASIA LTD AND ANOTHER v. LAU TAK FRANCIS
- Citation
- BLOOMINGDALE ASIA LTD AND ANOTHER v. LAU TAK FRANCIS
- Court
- Court of First Instance
- Case number
- HCA1542/2010
On the facts the court found payments were investments not loans; the promissory instruments (3rd Note and English Note) and the post‑dated cheque were unenforceable for want of valuable consideration within the pleaded case; plaintiffs’ primary claim and cheque/note claim therefore fail; defendant’s counterclaim for HK$200,000 succeeds and judgment is entered for that sum with interest and costs.