24 Mar 2001
KONEW FINANCE LTD v. WONG KAI MING AND ANOTHER
- Citation
- KONEW FINANCE LTD v. WONG KAI MING AND ANOTHER
- Court
- District Court
- Case number
- DCCJ17916/2000
The loan agreements were void and unenforceable: they purported to create charges over housing authority controlled land in breach of Housing Ordinance s.17B and they failed to comply with Money Lenders Ordinance s.18(2) by not setting out the form of security and place of negotiation; the court declined to exercise its equitable discretion under s.18(3) to enforce any part of the agreements, and thus dismissed the summonses.