23 Dec 2022
TRILLION WIDE CREDIT FINANCE LTD v. AMPLE SKY HOLDINGS LTD
- Citation
- [2022] HKCFI 3813
- Court
- Court of First Instance
- Case number
- HCA288/2019
The plaintiff proved execution of the two loan agreements, receipt and non‑repayment of the loans; the defendant produced no evidence to rebut; alleged MLO non‑compliances were either inapplicable, not shown to cause prejudice, or did not invalidate the agreements (and the 2nd loan fell outside MLO as a bona fide property purchase loan); the 2nd Loan Agreement evidenced an intention to create an immediate equitable interest and was registrable; accordingly judgment was entered for the plaintiff and the originating summons dismissed.