21 Jan 2022
GAIN EAST INVESTMENT LTD v. CHAN PO WING
- Citation
- [2022] HKCA 156
- Court
- Court of Appeal
- Case number
- CAMP55/2020
Summary judgment was correctly entered because the defendant was bound by his contemporaneous Receipt acknowledging HK$400,000 and his pleaded case and evidence did not raise a triable issue of fraud or collusion sufficient to defeat enforcement; statutory breaches and the $9,500 fee concession did not render the transaction extortionate or unenforceable beyond the agreed deduction; interest award was adjusted: contractual interest for loan term to 25 March 2014, thereafter prime +1% p.a. to date of judgment below, and judgment rate from date of judgment below until payment; leave to file sup…