5 Jun 2015
YANG LONG SHAN v. CHAN HAU KONG AND OTHERS
- Citation
- YANG LONG SHAN v. CHAN HAU KONG AND OTHERS
- Court
- Court of First Instance
- Case number
- HCA1265/2011
The court refused the plaintiff's amendments and struck out the Statement of Claim because the pleaded cause of action was founded on agreements that, if loans, contravened s.24 of the Money Lenders Ordinance and were unenforceable; the proposed amendments did not remove reliance on those agreements or provide material to recharacterise the transactions as investments, and allowing the amendments would effectively circumvent the statutory prohibition, therefore the claim was obviously unsustainable and properly struck out.