13 Sept 2024
CHAN WAI HON ALAN AND ANOTHER v. CHAN YUK FOEBE
- Citation
- [2024] HKCFI 1650
- Court
- Court of First Instance
- Case number
- HCA1722/2017
On the balance of probabilities the court accepted plaintiffs’ documentary and oral evidence: the HK$20,000,000 was a loan under an oral first agreement (not a gift), the payments in 2015 related to share transactions and did not discharge the HK$15,000,000 loan, the HK$4,200,000 was advanced pursuant to an oral agreement with Alan as lender and was received (deposited into YT Chan’s account) and remains unpaid; defendant failed to prove plaintiffs were carrying on a money-lending business within s.2(1) MLO, so s.23 did not bar recovery; accordingly judgment entered for plaintiffs for stated…