Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Agency and sub-agency

Legal area

Court

5 Sept 2025

ING BANK N.V. v. INDUSTRIAL AND COMMERCIAL BANK OF CHINA LTD

Citation

[2025] HKCA 824
Court

Court of Appeal
Case number

CAMP239/2024

Leave to appeal dismissed because the defendant failed to show a reasonable prospect of success on the challenged grounds; the judge's decision refusing a stay on forum non conveniens grounds was within the proper discretionary evaluative exercise, Hong Kong has a real and substantial connection, the alternative Mainland-law arguments did not render Xi'an clearly or distinctly more appropriate, and the proposed new evidence did not meet the criteria for admission on appeal.
15 Jan 2024

OCEAN ALLIED FINANCE LTD v. SZE, LILY

Citation

[2024] HKDC 86
Court

District Court
Case number

DCCJ2977/2021

The retained HK$165,000 was properly treated as prepayment of six months' interest and must be disregarded from the principal under s2(3) MLO; the defendant failed to prove that the intermediary was the plaintiff's agent or that the plaintiff colluded with the intermediary; accordingly the effective interest rate is HK$330,000/(HK$1,100,000−HK$165,000)=35.3% which is lawful, so the agreement is enforceable and the plaintiff is entitled to judgment for the principal plus interest at 30% p.a. from 21 April 2021.