Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Foreclosure/sale of shares
  • 10 Feb 2015

    張月清 v. TSUI YIU HEI

    Citation
    張月清 v. TSUI YIU HEI
    Court
    Court of First Instance
    Case number
    HCMP40/2013

    The court held there was no arguable triable defence: the Guarantee was not invalid for lack of consideration given the contemporaneous transactions and the parties' arrangements; the Share Mortgage, executed as a deed and understood as a subsequently executed security, was valid and binding; allegations of misrepresentation or non‑explanation were implausible and inconsistent and did not vitiate the documents. Accordingly the originating summons was decided in favour of the plaintiff and the declaratory and injunctive relief sought was granted without a trial.