17 Dec 2019
GAIN EAST INVESTMENTS LTD v. CHAN PO WING
- Citation
- [2019] HKCFI 3055
- Court
- Court of First Instance
- Case number
- HCA2211/2015
Defendant's defences were disbelieved in light of contemporaneous documentary evidence; plaintiff was sufficiently shown to be a licensed money lender at the loan date or entitled to the court's favourable exercise of discretion under s.23 MLO; technical non‑compliances (non‑provision of prescribed summary, prior charging of HK$9,500) did not render the transaction extortionate under s.25 MLO; no triable issue existed, so appeal allowed, master's order set aside and final judgment entered for plaintiff with interest and costs.