7 May 1986
STANDARD CHARTERED BANK v. LEUNG KIN KWONG
- Citation
- STANDARD CHARTERED BANK v. LEUNG KIN KWONG
- Court
- Court of First Instance
- Case number
- HCA1792/1985
The defendant is liable only for 'all costs of collection including reasonable legal fees' as stated in the Cardholder Agreement; reasonable legal fees in this case are limited to $525 (the District Court default judgment cost for a claim of $8,635.52) and other collection costs are appropriately quantified as a 5% administration fee of the principal ($431.77), yielding total costs of collection $956.77.