5 Jul 2022
WANG WEICHEN v. PRAISE FORTUNE LTD
- Citation
- [2022] HKCFI 1880
- Court
- Court of First Instance
- Case number
- HCA567/2020
The judge found the defendant\u2019s account that the payment was an investment and the Signed Loan Agreement a sham to be inherently incredible and contradicted by contemporaneous WeChat messages and lack of substantive particulars or documentary evidence; accordingly there was no arguable basis to deny summary judgment for the outstanding principal of HK$4,000,000, but issues under s25 MLO as to reopening the transaction and extent of payable interest involve discretionary factual inquiries and should be determined at trial, so unconditional leave to defend was limited to the interest quest…