6 Apr 2022
ALLIED TREASURE INVESTMENT LTD v. CHAN KA LING AND ANOTHER
- Citation
- [2022] HKCA 459
- Court
- Court of Appeal
- Case number
- CACV42/2021
The POA, read as a whole and construed strictly, did not authorise the Father to mortgage the Daughter's properties for a loan that was not solely for her benefit; accordingly the Loan Agreement, Mortgage and Assignment were outside the Father's authority and unenforceable as against the Daughter. Further, the Lender failed to comply with s18(1) of the Money Lenders Ordinance and the court rightly declined to exercise discretion under s18(3) to validate enforcement. The appeal was dismissed and the Judge's orders were affirmed.