Hong Kong Case Law: Decisions & Judgments | LexChat

Hong Kong Case Law

Bank compliance costs
  • 9 Jun 2025

    HO YUEN YU IVY v. ZHANG LIHUA

    Citation
    [2025] HKCFI 2461
    Court
    Court of First Instance
    Case number
    HCA1789/2024

    The indemnity principle was not breached because DeHeng provided contemporaneous drafts and deadlines to BEA, BEA tacitly consented by failing to object, later expressly agreed and paid the bill; however DeHeng’s hourly rates and total claimed legal costs were disproportionate to the straightforward, low‑complexity disclosure task, so on summary assessment the legal costs were reduced to HK$15,000 with administrative compliance charges of HK$1,520 allowed on indemnity basis.