17 Jan 2020
CHEUNG WAI SING JACKIE WALTER v. BILLION CREDIT FINANCIAL CO LTD
- Citation
- [2020] HKDC 94
- Court
- District Court
- Case number
- DCMP3325/2018
The supplemental Remittance Term required the lender to advance the principal only after registration of the legal charge; the charge was registered within a reasonable time, so there was no breach by the lender; the plaintiff repudiated the Loan Agreement by refusing the deposited balance and is therefore liable for interest, discharge costs and defendants' costs; the Property remains charged for the secured sum.