18 Oct 2021
LO MING CHI CHARLES AND ANOTHER v. FULLPOWER INVESTMENT HOLDINGS CORP. AND ANOTHER
- Citation
- [2021] HKCFI 3073
- Court
- Court of First Instance
- Case number
- HCA1937/2014
The court found the alleged oral agreement to be inherently improbable, unsupported by contemporaneous documents and inconsistent with the SFC's treatment of any favourable repayment arrangement as a 'special deal'; accordingly there was no estoppel. The chargee lawfully exercised its contractual and equitable powers to sell the charged shares, acted in good faith and obtained a reasonable market price. Judgment therefore entered for the plaintiffs for the outstanding loan and costs.