Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Iou dispute
  • 22 Jul 2025

    WONG PETER MING CHUNG v. LEE ED

    Citation
    [2025] HKCFI 3187
    Court
    Court of First Instance
    Case number
    HCAP6/2023

    On the evidence the 2nd IOU was a replacement of the original IOU and did not evidence any separate Disputed Loan; factually interest was waived from 2004 and subsequent payments were gratuitous; legally any claim for repayment or interest accrued on or soon after the loans in 2000 and is time‑barred under the Limitation Ordinance, so the Estate cannot enforce repayment; accordingly double probate was granted to Peter and declaratory relief on the loans was refused as academic.