2 Mar 2016
LEI WAN CHANG, sole executrix of the estate of LEI ZI QING, deceased v. YUEN HON YUEN
- Citation
- LEI WAN CHANG, sole executrix of the estate of LEI ZI QING, deceased v. YUEN HON YUEN
- Court
- Court of First Instance
- Case number
- HCA1895/2011
The court accepted the evidence of Mr Chan and other plaintiff witnesses, rejected the defendant's account as inherently improbable, found the Settlement Agreement accurately recorded and binding, and held section 24 MLO inapplicable because the amount payable under the Settlement Agreement was not interest charged by a money lender but a settlement of profit/principal under the Investment Agreement; judgment entered for the plaintiff for HK$17,000,000 plus interest and the defendant's counterclaim for rectification dismissed.