5 Jul 2022
FLEXI CREDITS LTD v. WONG CHI KIT CLEMENT
- Citation
- [2022] HKCFI 2052
- Court
- Court of First Instance
- Case number
- HCA738/2022
The Mareva injunction was refused because the applicant materially failed in its duty of full and frank disclosure by not confronting or rebutting the statutory presumption under MLO s25(3) that the principal consolidated loan (effective rate 48.00006%) is extortionate; absent evidence of a good arguable case on that loan, injunctive relief could not be justified and the application therefore failed.