10 Jul 2025
PACIFIC ACE FINANCE LTD v. VILLASFER, ANDRENEE M. AND ANOTHER
- Citation
- [2025] HKDC 1161
- Court
- District Court
- Case number
- DCCJ3299/2018
The promissory notes and loan agreements were valid and enforceable; the plaintiff acted reasonably within the Licensing Conditions in attempting to locate and contact the borrower; the interest rates charged were lawful as simple fixed interest and did not exceed statutory caps; default interest is payable on overdue sums pursuant to s22 and must be computed as simple default interest from the date of default until payment; the defendants failed to prove forgery or unlawful debt collection; the counterclaim is dismissed; judgment entered for plaintiff for outstanding sums and costs with dire…