Hong Kong Case Law: Decisions & Judgments | LexChat

Topic

Default interest rates

Legal area

Court

14 Jan 2005

RESONA BANK LTD v. LAM SIE AND OTHERS

Citation

RESONA BANK LTD v. LAM SIE AND OTHERS
Court

Court of First Instance
Case number

HCA11870/1999

The court accepted and applied the parties' contractual agreed default interest rates to the stated principal sums for the period from 1 July 1999 to the date of judgment, awarding interest of HK$14,844,715.16; post-judgment interest ordered at the usual judgment rate.
11 Jun 1999

GENERALE BELGIAN BANK v. SEALAND WATERPROOFING ENGINEERS CO LTD AND OTHERS

Citation

GENERALE BELGIAN BANK v. SEALAND WATERPROOFING ENGINEERS CO LTD AND OTHERS
Court

Court of First Instance
Case number

HCMP1914/1998

The plaintiff proved indebtedness by admissible executed security documents, credible witness evidence and a detailed account breakdown; the facilities letter authorised the interest rates charged (typing error corrected), the reassignment fee was not charged, and a large third‑party credit explained the apparent discrepancies — therefore final judgment for the plaintiff against all defendants jointly and severally was warranted and the prior stay was uplifted.