29 May 2019
JOHN ROBERT LEES and TSUI CHI CHIU, the Joint and Several Liquidators of GMF FINANCE LTD (in Creditors’ Voluntary Liquidation) v. CLOUTIER GUY EVON AND ANOTHER
- Citation
- [2019] HKCA 607
- Court
- Court of Appeal
- Case number
- CACV84/2018
Because the contractual indemnity provision relied upon was prima facie unenforceable under s18 of the Money Lenders Ordinance and the Facility Letter contained material irregularities, the court varied the order nisi: defendants must pay the plaintiffs' costs below on a party and party basis (to be taxed if not agreed); plaintiffs must pay the costs of the application for variation (assessed at HKD 85,192).