29 Jan 2024
MAZEL LTD v. HAO LIN INVESTMENT (HONG KONG) LTD
- Citation
- [2024] HKCFI 282
- Court
- Court of First Instance
- Case number
- HCMP853/2020
The Tomlin Order schedule records a bona fide settlement which constitutes a new enforceable contract; the Loan qualified as an exempted loan under Schedule 1 Part II §2 MLO so the Defendant's illegality defence fails; there was no clear incorporation of MLO provisions into the Loan Agreement; accordingly the enforcement summons succeeds and the appeal dismissing enforcement is dismissed.