Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Iou

  • 10 Oct 2025

    CHENG XURAN v. WONG WAI SZE

    Citation
    [2025] HKCFI 4809
    Court
    Court of First Instance
    Case number
    HCA1713/2021

    On the balance of probabilities the court found the oral loan agreement existed and funds were advanced as pleaded; the Written Loan Agreement was not genuine (the signature was highly probably forged) and was rejected; the Repayment Agreement was validly signed voluntarily in the Office on 15 July 2019, was supported by consideration and was not vitiated by duress or lack of capacity; the IOU related to outstanding interest and remained unpaid; the plaintiff was not carrying on a money lending business so the MLO did not apply; accordingly plaintiff proved entitlement to HK$20,977,000 with s…

  • 7 Apr 2017

    WANG SINNGOK v. CHEUNG HUNG HUNG

    Citation
    WANG SINNGOK v. CHEUNG HUNG HUNG
    Court
    District Court
    Case number
    DCCJ3951/2016

    Defendant failed to establish any arguable defence: undisputed evidence and conduct (IOUs, prolonged acceptance and payment of monthly interest, text messages, partial principal repayment) show enforceable personal loans with agreed interest; alleged undue influence, illiteracy, unilateral mistake and misapplication of payments were not credible or legally sufficient, and demand made on 26 May 2016 rendered outstanding sums immediately due; summary judgment for plaintiff was therefore appropriate.

  • 10 May 2013

    CHEUNG KWOK HUNG v. LEE SHUN FOON

    Citation
    CHEUNG KWOK HUNG v. LEE SHUN FOON
    Court
    District Court
    Case number
    DCCJ1933/2011

    On the balance of probabilities the court found the plaintiff proved the loan of HK$300,000 and that the monies were converted into casino chips gambled at Starworld Casino with the defendant's consent; the court rejected the defendant's conversion and duress claims but found the plaintiff had added a sentence to the IOU after its creation amounting to concoction of evidence warranting a reduction in costs; judgment entered for plaintiff for HK$300,000 and defendant's counterclaim dismissed.

  • 21 Sept 2001

    CHI CHIU YUEH v. TAN YING TE

    Citation
    CHI CHIU YUEH v. TAN YING TE
    Court
    District Court
    Case number
    DCCJ16059/2000

    The IOU on the back of the contemporaneous bank pay-in slip, the surrounding facts and the credible oral evidence of the Plaintiff and mediator established on the balance of probabilities that the Plaintiff lent the Defendant HK$500,000 on 2 June 1997; the Defendant did not rebut this case and therefore judgment is entered for the Plaintiff for HK$500,000 with interest and costs.