5 Nov 2025
YEUNG SO LAI v. ART EXCEL LTD
- Citation
- [2025] HKCA 957
- Court
- Court of Appeal
- Case number
- CACV413/2024
The exemption in Part 2 Schedule 1 para 2(a) of the Money Lenders Ordinance applies to a loan made to a company that is secured by a mortgage registered or to be registered under the Companies Ordinance irrespective of whether the registered security is provided by the borrower or a third party; accordingly the loan was an exempted loan, the respondent was not a 'money lender' in respect of that loan under the MLO, and the statutory demand was valid — the Judge's setting aside on the unlicensed money‑lender ground was wrong and is set aside, allowing the appeal.