Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Interest rate interpretation
  • 12 Oct 2000

    CHOW TAI FOOK JEWELLERY CO. LTD. v. SHUN KAI BULLION CO. LTD.

    Citation
    CHOW TAI FOOK JEWELLERY CO. LTD. v. SHUN KAI BULLION CO. LTD.
    Court
    Court of First Instance
    Case number
    HCMP6992/1998

    The court applied the slip rule to correct an omission in its earlier written judgment because the formal order had not been drawn or entered; accordingly the appeal was allowed, the Master's order set aside and judgment entered for the plaintiff on liability; the Legal Charge registration issue was treated as not in dispute, the 11% rate was construed as the fixed rate included in each instalment while higher rates could be charged on overdue instalments, and quantum was left for detailed accounting or agreement between solicitors.